Price Operational Strategy for Algorand Trade (Wages)
Algorand is a decentralized public blockchain and unanimity algorithm platform that allows you to quickly, secure and transparent transactions. With its unique qualities and growing adoption, Algorand has become an attractive contribution to traders. In this article, we will study the price operating strategy Algorand (hired) and give an insight into how to use these strategies in the market effectively.
Understanding Algorand Price Activity
It is important to understand the basics of the Algorand price mechanism before diving into price operating strategies. The price of the hiring is determined by the relative deficiency of the new coins created by its evidence (POS) consensus algorithms and the overall delivery of cryptocurrency.
Algorand Price Operations Strategy
Here are some popular price operating strategies for trading algorand:
1.
ICH chart models
ICH charts, a type of technical chart in which ICCHI ICH chart is used for price analysis, can be used to identify possible buying and selling options on the Algorand market.
* Trend Changes : Look for strong trend changes where the price changes from down to upward or vice versa.
* Breakout Models : Identify the resistance level of possible breakouts that may indicate a bullish or a beary coup.
* Support and Resistance
: Analyze the relationship between support and the level of resistance to predict price movements.
2.
Country State
Average average (MA) is a popular technical analysis tool used to identify trends and to provide price movement.
* Short -term MA : Use short -term MAS (eg 50 periods) to identify potential buying or selling options based on pulse.
* long -term ma : Use long -term MAS (such as 200 periods) to identify trends and predict price movement within the next day or weeks.
3.
Bollinger bars
Bollinger bands are a volatility -based technical analysis tool that helps traders to determine possible buying or selling options based on volatility.
* Top Bollinger Bar (UBB) : Identify when the upper bar is below the current price indicating a bearded trend.
* The Lowest Bollinger Bar (LBB) : Identify when the lower bar is above the current price, pointing to the bullish trend.
4.
Relative strength index (RSI)
The Relative Strength Index (RSI) is a popular technical analysis tool used to identify excessive or sales conditions.
* Excessive condition : Identify when RSI falls below 30 and remains below more than 3 periods, indicating an excessive condition.
* Conditions sold : Identify when RSI rises above 70 and remains higher than 3 periods, indicating excess.
5.
ich signal
ICH signals are a type of technical analysis tool that uses the ICH chart to identify potential buying or selling options based on price operations.
* Long Signal : Identify when the ich line crosses above the middle point of the ICH bar, indicating a long signal.
* Short Signal : Identify when the ich line crosses below the middle point of the ICH bar, pointing to a short signal.
an example of trading strategy
Here is an example of a trading strategy that includes a number of pricing strategies:
Strategy Title: « The trend follows ICH models and RSI »
- Enter a long position when the ICH line crosses above the middle point of the ICH bar.
- Enter a short position when the ICH line crosses below the midpoint of the ICH bar.
- Use a 2 period MA to identify potential buying or selling options based on pulse.
Chart Example:
| Time Price
| — —
| 2023-02-01 09:00 | $ 100,50
| 2023-02-01 10:00 | $ 100.70
| 2023-02-01 11:00 | $ 100.90
| … …