ALGO had pumped too strong since this September and the selling force came so in next days ALGO could correct to 1.8$ zone before moving up to 2.4$, 3$ and 3.6$ zones in next days.

📈RED PLAN
🔴Buy : 1.76-1.84$. SL if B 🔴Buy : 2.34-2.46$ if A. SL if B
📉BLUE PLAN
🔴Sell : 2.34-2.46$. SL if A 🔴Sell : 2.93-3.07$. SL if A 🔴Sell : 3.5-3.7$. SL if A
🟣PURPLE PLAN
🔵Buy : 2.34-2.46$ if A. SL if B 🔵Sell : 2.93-3.07$. SL if A 🔵Sell : 3.5-3.7$. SL if A 🔵Sell : 1.76-1.84$ if B. SL if A 🔵Buy : 1.17-1.23$. SL if B
❓Details
📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of 1-day candlestick is Above the zone 🅱️B : The Close price of 1-day candlestick is Below the zone

  • Algorand is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”. As such, Algorand ensures "full participation, protection and speed within a truly decentralized network".
  • Algorand is built by a team with deep roots in academic theory and science, led by Turing award winner Silvio Micali, who has dedicated his career to pioneering research in the field of cryptography.
  • Algorand competes with large payment and financial networks and focuses on industrial use-cases. One of the more notable use-cases involved the Marshall Island's plans to issue Central Bank Digital Currency.
  • Furthermore, Algorand offers highly-customizable smart contracts (ASCs), Asset Tokenization (Algorand Standard Assets), and Atomic Transfers built directly in Layer-1.
  • ALGO is the native asset of the Algorand Protocol and serves as the medium of exchange and store of value. ALGO must further be staked by network validators.