The Price Strategy of the Algorand store (wages)

Algorand is a decentralized public blockchain and unanimity algorithm that allows you to quickly, safe and transparent events. Algorand has become its unique qualities and its growing adoption as an attractive contribution to merchants. In this article, we will study the price strategy of the price activity (hired) and provide an idea of ​​the use of these strategies in the market effectively.

Understanding the price activity of Algorand

It is important to understand the basics of Algorand’s price mechanism before diving from prices to operating strategies. The price of hiring is determined by the relative deficiency of new coins created by its (POS) consensus algorithms and general delivery of cryptocurrency.

Algorand Price Operation Strategy

Here are some popular price strategies for trading Algorand:

1.
ich chart designs

ICH charts, ICCHI ICH charts are used to analyze prices, can be used to identify potential purchasing and sales options in the Algorand market.

* Trend changes : Find a strong trend changes where the price changes up or vice versa.

* Breakout models : Identify the resistance of potential discharges that may indicate a rising or coarse coup.

* Support and Resistance : Analyze the relationship between support and forecasting resistance to price changes.

2.
Land State

The average average (MA) is a popular technical analytical tool used to identify trends and bring prices to movement.

* Short -Term -M : Use short -term mas (eg 50 episodes) to identify potential purchase or sales options based on pulse.

* Long Term Ma : Use the long term mas (such as 200 episodes) to identify trends and predict the price movement over the next day or weeks.

3.
Bollinger beams

Bollinger lanes are a volatility -based technical analysis tool that helps merchants determine potential purchase or sales options based on volatility.

* Top Bollinger (UBB) : Identify when the top bar is below the current price, indicating a bearded trend.

* The smallest bollinger bar (LBB) : Identify when the lower beam is above the current price, showing a rising trend.

4.
Relative strength index (RSI)

Relative strength index (RSI) is a popular technical analysis tool used to identify excessive or sales conditions.

* Excessive mode : Identify when RSI drops below 30 and stays less than 3, indicating excessive space.

* The condition : Identify when RSI rises over 70 and remains more than 3 episodes, indicating the extra.

5.
ich signal

ICH signals are a type of technical analysis tool that uses the ICH chart to identify potential purchase or sales options based on price functions.

* Long signal : Identify when the ICH line exceeds the center of the ICH bar above the center, indicating a long signal.

* Short Signal : Identify when the ICH line exceeds the center of the ICH bar below the center, indicating a short signal.

Example of trading strategy

Here is an example of a trading strategy that includes several pricing strategies:

Strategy Title:

“The trend follows ICH models and RSI”

• Enter a long location when the ICH line exceeds the center of the ICH bar.

• Enter a short location when the ICH line exceeds the center of the ICH bar below the center.

• Use 2 -time MA to identify any purchase or sales options based on the pulse.

Map Example:

And the time price

And- —

And 2023-02-01 09:00 | $ 100.50

And 2023-02-01 10:00 | $ 100.70

And 2023-02-01 11:00 | $ 100.90

And … … …

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