Algorand just broke above a Flag Pattern and heading up to 0.226
Falling Flag formed on Algorand after the price previously went on a strong uptrend.
We now have the price breaking up and out of the flag.
Target 0.2261
Price >200 RSI =50
SMC
Below the flag, we can see there is Sell Side Liquidity Order Block which is coming in with strong orders from Smart Money.
This is where SM is sweeping selling orders and buying into them, which is pushing the price up.
FACTS ABOUT Alogorand
Algorand is a blockchain-based platform for developing decentralized applications (dApps).
It was founded in 2017 by Silvio Micali, a computer science professor at MIT and a Turing Award recipient.
It's designed to be a high-performing and secure blockchain platform that can process thousands of transactions per second.
They use Pure Proof of Stake (PPoS), which allows for fast and secure transaction processing.
Algorand has its own native cryptocurrency called ALGO, which is used to pay for transaction fees and to participate in the network's governance.
Algorand has been used in a variety of applications, including real estate, gaming, and supply chain management.
We now have the price breaking up and out of the flag.
Target 0.2261
Price >200 RSI =50
SMC
Below the flag, we can see there is Sell Side Liquidity Order Block which is coming in with strong orders from Smart Money.
This is where SM is sweeping selling orders and buying into them, which is pushing the price up.
FACTS ABOUT Alogorand
Algorand is a blockchain-based platform for developing decentralized applications (dApps).
It was founded in 2017 by Silvio Micali, a computer science professor at MIT and a Turing Award recipient.
It's designed to be a high-performing and secure blockchain platform that can process thousands of transactions per second.
They use Pure Proof of Stake (PPoS), which allows for fast and secure transaction processing.
Algorand has its own native cryptocurrency called ALGO, which is used to pay for transaction fees and to participate in the network's governance.
Algorand has been used in a variety of applications, including real estate, gaming, and supply chain management.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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