SPOT ALGO LONG 21.12.2024Fixation after abnormal activity.
🎯Purpose:
0.6704
‼️Risk per trade: 0.5% of the allocated funds for spot trading.
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ALGOUSDT trade ideas
algousdt shortalgousdt short
💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
ALGO/USDT Price Prediction - 1WTrend Prediction - ALGO/USDT Forecasting
Resistance and Support Lines
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ALGO symmetrical Triangle BINANCE:ALGOUSDT There is Dangerous Triangle for ALGO. Market is bullish but this situation related with CRYPTOCAP:BTC.D . If dominance can break down altcoins increasing may continue.
ALGO is ready for more!Detailed explanation in video.
Will try to update if we break the low.
Invalidation: a M15 close bellow the local double bottom low
Algorand (algo)Algo usdt Daily analysis
Time frame 4hours
Risk rewards ratio >1.3 👈
Algorand rank is 40 and market cap 4.21 NYSE:B
It's all time high is 3.28 $ and you can see , good growth for this in altseason
Algorand is a self sustaining decentralized, blockchain base network that supports a wide range of applications.
This system is secure, scalable and efficient
All critical properties for effective applications in the world.
Algorand will support computation that requires reliable performance guarantees to create a new formes of trust.
Technically we have no resistance in the way of my first target. Just a weak resistance in 0.69$ area.
ALGO Descending WedgeI can see a descending wedge pattern forming on the 1H time frame. Currently, we are below 20,50,200 MAs. If we are able to breakout from the wedge and form a golden cross, I can see the price go back and retest the 0.5 resistance area. If it breaks out, we may see another retest on 0.6. Also, its blood bath mondays as always.
ALGO Breaks Equilibrium, 400% Gains To ComeALGO breaks the channels equilibrium level, which set's itself up to test the upper resistance level for an additional 400% return. Should ALGO break above this, we could see upwards to 1000% return this cycle.
Algorand (ALGO) is a prominent blockchain platform designed to provide high performance, scalability, and robust security through its unique Pure Proof-of-Stake (PPoS) consensus mechanism. This approach enhances decentralization by allowing anyone holding ALGO tokens to participate in the network.
Unique Features and Industry Role
1. High Transaction Speed and Scalability: Algorand processes transactions in under four seconds and is capable of handling over 6,000 transactions per second, making it one of the fastest blockchains available. This is ideal for applications requiring quick and secure transactions, such as decentralized finance (DeFi) and enterprise solutions.
2. Sustainability: Algorand is a carbon-neutral blockchain, emphasizing eco-friendly operations through innovative consensus and energy-efficient practices.
3. Innovative Developer Tools: The launch of AlgoKit 2.0 introduces user-friendly development tools, integrating Python support for blockchain application creation. This positions Algorand as a platform accessible to developers with minimal blockchain expertise, potentially expanding its ecosystem further.
4. Advanced Upgrades: The move to a peer-to-peer structure improves communication between nodes, reducing reliance on centralized relay nodes and enhancing network resilience. These changes aim to foster decentralization and user engagement.
Recent Developments
1 . AlgoKit 2.0: Launched in 2024, it simplifies the development of decentralized applications (dApps) by incorporating debugging tools and secure coding frameworks.
2. Dynamic Round Times: Transactions per second (TPS) have been increased by approximately 10%, further optimizing performance.
3. Incentive Updates: The network plans to reward contributors to its consensus mechanism, encouraging higher participation and staking activity.
Market Metrics
Current Market Cap: Around $4 billion, positioning it among the leading blockchain projects.
Growth Potential: Despite a relatively modest market cap compared to giants like Ethereum, Algorand's strategic updates and eco-focus position it well for long-term growth.
Use Cases
Algorand is gaining traction in sectors such as:
Central Bank Digital Currencies (CBDCs): The platform has collaborated with various governments to explore blockchain-based digital currencies.
DeFi and NFTs: It supports a growing ecosystem of decentralized applications and digital collectibles.
Enterprise Solutions: Algorand is increasingly favored for projects requiring scalable and efficient blockchain infrastructure.
Future Outlook
With ongoing advancements and a commitment to developer accessibility, Algorand could attract a larger user base. While current price movements may not reflect its potential, the focus on innovation and incentives indicates a long-term growth trajectory. If adoption accelerates and the ecosystem continues to mature, Algorand could significantly expand its market share in the blockchain space.
Algo usdt 20% potential spot tradeALGO/USDT is showing a promising 20% potential in the spot market, supported by increasing trading activity and bullish sentiment. A breakout above key resistance levels could drive further upward momentum, making it an appealing short-term trade opportunity.
Trading opportunity for ALGOUSDTBased on technical factors there is a Buy position in :
📊 ALGOUSDT
🔵 Buy Now
🪫Stop loss 0.4242
🔋Target 1 0.6262
🔋Target 2 0.7676
🔋Target 3 0.9696
💸RISK : 1%
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Algo Bullish Flag Algo BINANCE:ALGOUSDT can reach next target $0.7860. There is a Bullish Flag pattern. Algo was staying around 0.45 dollar for long time. it can turn back to game more powerful.
ALGO to the moonALGO using Elliot Wave Theory.
ALGO went through a brutal bear market but is now finally able to go through its 2nd bull cycle
$ALGO looking healthy on the 4H Algorand seems to be wanting to continue the bullish trend by forming a symmetrical triangle on the 4H timeframe, aiming a possible 37.17% breakout towards this local resistance level. Breaking this local resistance level would be important to continue the trend, but failing to do so would push Algorand back into the accumulation zone around 40 cents.
ALGOUSDT Uptrend Insight
BINANCE:ALGOUSDT has performed promising lately. Given the market uptrend, ALGO can continue its Bull-run by reacting to support level at its Fibonacci 0.5 or breaking previous High at Fibonacci 0.38 going upward.
Breaking below 0.4321 could trigger a downtrend or if supported at 0.3893 (Fibo 0.618) signal a weaker uptrend.
Long opportunity in ALGO/USDTIf the level 0.4933 breaks with 15 Min Green candle, there is an opportunity for long trade.
Disclaimer : I'm not recommending to take this entry. Do with your analysis too.
Reasons : -
. Trend line breakout.
. Falling wedge pattern.
After Breakout :-
Entry : 0.4933
TP : 0.5413
SL : 0.4616
ALGO - where to buy the diphi traders,
After reaching 0,60$ the price has been experiencing the pullback. Don't worry. It's normal as the RSI is super overbought.
We believe that it's not the end of the uptrend yet, but just an opportunity to buy the dip.
Buy the dip and enjoy the 85 % profit in the next few weeks.
Kind regards
Algorand we had 5 waves upHello it looks like we broke out and we have 5 waves up. Now im looking to find the end of the abc correction. I think we could backtest the 0.1623 level or the 0.236 fib at 0.1536. After the we could see targets around 12. If you got other ideas please let me know.
algousdt longalgousdt
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
algo 11$ by the end of 2029algo 3-4$ by the end of 2025
11$ by the end of 2029
fibonacci ext never misses
Looking at the monthly chart we can expect at least $2 ALGO$2 ALGO is only a month or month and a half away.
I think this is conservative, given how algo smart contracts were not yet live last cycle and with DT as president soon, USA based cryptos are poised to receive a boost across the board.
Im really looking for $3 - $4 but thats just me
#ALGO Algo looking good on HTF here.
double bottom kind of structure & levels line up interesting with HTF downtrend
