Algorand seems to have retraced enough from last spike, I think It's time to enter a swing!
Current Price= 0.00001943
Buy Entry= 0.00001956 - 0.00001818
Take Profit= 0.00002618 | 0.00003956 | 0.00004992
Stop Loss= 0.00001399
Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36
Expected Profit= +38.74% | +109.64% | +164.55%
Possible Loss= -25.86%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price= 0.00001943
Buy Entry= 0.00001956 - 0.00001818
Take Profit= 0.00002618 | 0.00003956 | 0.00004992
Stop Loss= 0.00001399
Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36
Expected Profit= +38.74% | +109.64% | +164.55%
Possible Loss= -25.86%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active
All entries filledAlgorand is holding 50MA and channel support so far, let's keep it that way!
Note
Up to +26.76% (1x) from average entryAlgorand pumped as expected and is now consolidating before next move.
This seems to be only the beginning and we are not taking profit yet!
Note
More information about Algorand:It is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”.
As such, it ensures "full participation, protection and speed within a truly decentralized network".
research.binance.com/en/projects/algorand
Trade closed: target reached
TP1 reached with +38.74% (1x) and +1.5RAlgorand finally hit first target, we did well holding tight, keep some for remaining targets!
Note
Symmetrical triangle formingAlgorand looks quite bullish in satoshi, can take time but expecting a big move up in the coming weeks.
It could be one of the altcoins that resumes the party, higher targets are still in play!
Trade closed: target reached
TP2 reached with +109.64% (1x) and +4.24RAlgorand took more time than expected but after revisiting demand zone it finally went for 2nd target printing a Higher High (HH)!
This is what we were talking about 3 months ago, party has been resumed, SL moved to 1st entry (0.00001956₿).
Trade closed: target reached
TP3 reached with +164.55% (1x) and +6.36RAlgorand mooned, insane profit made thanks to being very patient, trade is fully closed 👌🏼
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.