ALGOUSD Bearish ForecastHi there,
Due to two supply area zones pressing down on a Fib bias of 0.1733, ALGORAND looks bearish and could drop to 0.2026.
Happy Trading,
K.
Not a trading advice
ALGOUSD.P trade ideas
Will ALGORAND'S 'anti Trump' management team kill the project?ALGORAND has some serious potential in regard to its technology and its use case, but it’s well known that the people behind ALGO are publicly—and unfortunately loudly—against Trump and his agenda to 'Make America Great Again' and to make 'America the crypto capital of the world.'
I like ALGORAND's project and technology, but I also think that the management's inability to keep their political opinions to themselves, and instead focus on their business model, could end up working against ALGO over the next four years. I think it’s not only a bad idea to take a public political stance as they have when you have a business to run, but their poor judgment could severely hurt ALGO investors over the course of the current administration. But, let’s hope that isn’t the case.
Good luck, and always use a stop loss!
ALGO (Algorand) Altcoin Analysis. One More High in this Cycle?ALGO: The price is currently testing the 61.8% retracement level, which is the last relevant support level for wave 4 in the white scenario. While the idea of a fourth wave pullback will not be invalidated below this level, other interpretations will become more likely. The orange scenario allows for the interpretation that a long-term price top has been established, but this is currently not yet seen as preferred scenario. A wider wave B correction would be a likely alternative, should the price break below $0.20. However, due to the questionable chart context, such as a 5-wave move down into the 2023 lows, I do not expect new all-time highs to be reached in this cycle.
ALGO to provide us with some GAINS as well?Hi guys,
Again as seen on the chart and historic price action or ALGO we can clearly see the PAIN points of where price is reacting and providing opportunities.
If we manage to break this trendline my first BUYS will begin at $0.16.
Risk here is holding drawdown of around -26% if price drops towards second area, so yes, in my eyes it is worth it!
Second area of accumulation and buying ALGO would be my ALL IN BUY ZONE from $0.10 to $0.14.
Potential gain from first zone towards our first target - HIGH of this cycle in 2024 is 280%!
Potential gain from ALL IN BUY ZONE is around 400%!
Second TP zone would be of course psychological level $1 where our gains from first buying area would be around 500% and from the second area would be around 700%
Please invest only what you are willing to lose, play it smart and be patient as patience is the key.
ALGOUSD - BULLISH PHASE STARTSHello,
Micro and Medium Caps entering bull phase for next ~2Months.
ALGO could be a good choice because it is ISO 20022 compliant, is somehow US friendly and could apply for ETF also.
This is not a trading advice!
Thanks
$Algo Has PotentialAlgorand has been a major laggard so far during this cycle, I believe this is due to the major interest in other tokens like SOL.
However, while investors and traders have been focusing on meme coin pump & dumps, the Algorand Community has been building. Focusing on Utility as a long term goal.
Transaction Speed
Algorand managed to handle 34,008 transactions in a single block in less than three seconds. This achievement is notable not only for its speed but also for its flawless execution, as it boasted a 100% success rate. This milestone highlights the blockchain’s robust capabilities, making it an attractive option for both developers and investors.
Algorand Staking
1. Pure Proof-of-Stake (PPoS) vs. Traditional Proof-of-Stake
Algorand uses a Pure Proof-of-Stake (PPoS) model, unlike Delegated PoS (DPoS) or Nominated PoS (NPoS) used by networks like Solana, Polkadot, and Cardano.
In Algorand’s system , every ALGO holder automatically participates in securing the network, while in other PoS systems, users must delegate to validators or run their own nodes.
2. No Slashing
Many PoS chains (Ethereum, Polkadot, Cosmos) slash a portion of a validator’s stake if they act maliciously or go offline.
Algorand does not have slashing, meaning users don’t risk losing their ALGO due to validator misbehavior.
3. Low Entry Barrier
On Algorand, anyone with ALGO can participate in consensus; there's no need for delegation or minimum staking requirements like on Ethereum (32 ETH) or Solana.
In contrast, other PoS chains require significant amounts of tokens to run a node or be selected as a validator.
4. Staking Rewards Have Changed
Algorand used to offer automatic staking rewards just by holding ALGO in a wallet, similar to Cardano’s model.
However, as of 2022, the automatic staking rewards were phased out, and instead, staking incentives now come through governance participation and DeFi protocols.
5. Governance Staking Model
Instead of passive staking, Algorand introduced governance staking, where users commit ALGO to governance for a fixed period and vote on protocol decisions.
This model is similar to lock-up staking on chains like Polkadot but focuses more on decentralized governance rather than securing the network.
6. Instant Finality & Faster Block Production
Algorand’s PPoS achieves instant finality (blocks are final once added) compared to Ethereum or Cosmos, which rely on probabilistic finality and can be reverted in rare cases.
This ensures faster transaction confirmation and higher security.
7. Staking via Liquid Staking & DeFi
Since traditional staking was removed, ALGO holders now stake through DeFi protocols like Folks Finance or AlgoFi (before its shutdown).
Liquid staking options allow users to stake while still using their ALGO in DeFi, similar to Ethereum’s Lido (stETH).
In conclusion, the future of $ALGORAND looks bright in the long-term. Although I do believe we do see ATH this cycle, It seems we are currently in last point of support of the wycoff accumulation cycle , only time will tell.
This is not financial advice, just an observation of a digital asset with long term potential.
Is an 11X in the cards for ALGO, taking price to $2.00 +?The days of "alt-coin season" are over, and we are now living in the time of Utility Season. Many cryptocurrencies that lack real-world utility simply didn't rally much, if at all, during the "Trump pump." Did you ever ask yourself why? Because the days of speculation are coming to an end, and the new era of utility is quickly becoming the law of crypto.
Ninety-nine percent of cryptocurrencies will not survive what's coming, and if your chosen crypto isn't on the ISO 20022 list, then kiss it goodbye!
ALGO will be one of the few chosen beneficiaries of Utility Token Season and is looking like the charts could indicate a run-up of around 11X to the $2.00+ level in the coming 6 to 9 months.
Good luck, and always use a stop loss!
Algorand ALGOUSD Periodic Analysis (Issue 67)The analyst believes that the price of Algorand will decrease within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend.
___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
(ALGO) ALGORAND "gravestone doji"At the peak of price of Algorand the chart pattern formed a gravestone doji candle before depleting and falling into the reckoning wave of losses along with most other cryptourrency.
Get it While It's HOTCOINBASE:ALGOUSD
A lot of coins appear to be in the BU/LPS phase of Wyckoff accumulation.
This suggests that we may be at the crossroads before some major pumps.
Some deeper value buys could present the opportunity, but it's best not to try and pinpoint bottoms; instead DCA in areas of local lows/significant support/resistance (especially during this phase).
Every asset will take the stage at different times and perform their solo, and we are closing in on that time of the performance.
Good Luck Traders!
- Not Financial Advice -
Algorand , easy oneAlright hope you having a wonderful valentine’s night, I did algo while ago probably late 2023 and haven’t updated since then, touched very important level and currently in a perfect situation to go up , first tp for me is the first orange rectangle, let’s not make rush for the rest and update it later on , for now have fun .
A 1,000% OPPORTUNITY Algorand has been on my Alt watchlist now for quiet some time and it has continued to become more and more convincing as the charts continue to print data.
The token is still relatively new and has a similar chart patterns to those of Solana, XRP and BTC, all projects that exploded multiple times after creating their initial all time highs.
I won't put all the tokenomics in here on the project as you can find that and research that for yourself however with BTC hopefully dumping very soon it gives us an opportunity to reload on some alts as i already mentioned and a lot of your messaged me asking exactly which alts i would buy, well i am going to be posting them all for you.
The chart is utterly beautiful and it is begging for another pump on the next bull run. I don't think it would even hurt to get in now as $ is so low and so is the MC relative to other similar project's and token MC's.
As you can see from the Fib Algo could still see a further downside push to around 0.10 which would also be Algo's floor, if this does happen i will absolutely load up on this project with the anticipation of it hitting new ATH's on the next bull run, which would be over a 1,000% increase.
$ALGOUSD Correction A,B,CNot financial advice!
COINBASE:ALGOUSD It seems so far it has lost the 50MA if it doesn't recover or bounces at the 100MA it will continue to drop to the 200MA which will align with the 0.786 Fibonacci retracement. and it will be a perfectly A,B,C correction for a wave 2, time will tell us the outcome.
ALGO is trading within equilibrium, setting up for a breakout.ALGO has been trading within the bullish wedge pattern for some time and is now looking to break out to challenge the recent pattern high.
Good luck, and always use a stop loss!
BUY LIMIT ALGOUSDT* FVG fill
* Re-test multible trendline retests
*Fib completion
*Support
*Higher High, Higher Low
ALGO looks to be setting up nicely for another spectacular move.Algorand is setting up nicely within the bull flag pattern it's currently trading in. Compared to many other coveted cryptos, ALGO's gains have been very reserved compared to its structure (maximum supply). I do believe that we are going to see ALGO outperform on the next leg, as it has some catching up to do, especially when compared to what it has done in past bull run cycles.
Good luck, and always use a stop loss!
Algorand swing trade long setupAlgo swing trade
Algorand possible move of AB=CD
Buy from 0.437 to 0.401
SL 0.270
TP 1: 0.534
Tp 2: 0.594
Tp 3: 0.780
ALGO 4-Hour .. Next Entry hunting between the linesHere's the problem. We have the larger TF indicator swings going in opposite directions.
The 4-hour is Strongly down trending and the Daily is positive and up trending.
The 1-hour has bottomed out and is attempting to push PA for a sideways action.
I have a "Green-Channel" - "Bearish Pennant"
I have an "Orange-Channel" - "Up Trend"
I have a "Blue-Channel" - "Down Trend"
All in all, I still trade off my 8 indicators, however knowing a probable direction of PA in a channel is very helpful.
I am posting all these channels because it is not clear where the PA is going to go.
It maybe the likely hood that PA moves in channels of sideway trends.
Patience... it is the weekend and volatility is generally low and sporadic in frequency of volatility fluctuations.
Also, PA has a long way to the downside if it wants to reset indicators. "Caution" to the downside
Algorand disjointed channel
I'm still bearish watching the paint dry but I have missed some good trading opportunities. If the price goes back down, I will probably play this bottom of the disjointed channel and hope for a breakout hire. I'm not 100% at that level, just in case it breaks to the .20 level.
ALGO ready to break long term resistance?Really like the $0.68 area to establish a bullish trend. This blockchain is legit and I have transferred funds with many times. Watch and wait... Small long position that's down from $0.55 and no plans to add
