price campaign strategies for commercial algorand (algo)
Algorand is a decentralized public Salgorithm and consensus platform, which allows quick, safe and transparent transactions. Thanks to the unique features and the growing introduction, Algorand has become an attractive investment option for dealers. In this article, we will examine the strategies of the price campaign for commercial algorand (Algo) and ladies insight into the effective use of these strategies on the market.
Understand the algorand price campaign
Before you immerse yourself in the strategies of the price campaign, it is important to understand the basics of the algorand price mechanism. The price of algo depends on the relative deficiency of new coins, which are generated by the Salgorithm of the Proof-of-Street (POS) and the general range of cryptocurrency.
price strategies for commercial algoria
Here are some popular price campaign strategies for a commercial algorandu:
1.
and pattern pattern
I -Diagrams, a type of technical diagram that ICCHI Ichi diagram applied to analyze price activities, can be used to identify potential purchase and sale options on the algoria market.
* Trends reversing : Look for strong trends in which the price of lowering changes or vice versa.
* Fitting pattern : Identify potential explosions of resistance levels that may indicate stubborn or bears.
* Support and resistance : Analyze the relationship between support and resistance to predicting price movements.
2.
Medium movable value
Moving Asasages (MA) is a popular technical analysis tool that is used to identify trends and predict the price.
* In a short time it has : Use short-term masses (e.g. 50-PROODC) to identify potential purchase or sales options based on dynamics.
* Long -term has : Use long -term masses (e.g. 200 periods) to identify trends and predict price movements over the next few days or weeks.
3.
Bollinger Tapes
Bollinger ligaments are a technical analysis tool based on variability, with which dealers can identify potential purchase or sales options based on variability.
* Upper Bollinger Band (UBB) : Identify when the upper band is below the current price, which indicates the bear.
* Lower Bollinger Gang (LBB) : Identify when the lower band is above the current price, which indicates a stubborn trend.
4.
Relative force indicator (RSI)
The relative strength rate (RSI) is a popular technical analysis tool with which excessive or high conditions are identified.
* Oxpted condition : Identify when the RSI falls below 30 and remains for more than three periods below, which indicates an excessively designated state.
* oversized condition : Identify when RSI increases by more than 70 and remains for more than three periods, which indicates a large state.
5.
and signal
And signals are a kind of technical analysis tool that I use the diagram to identify potential purchase or sale options based on price promotion.
* Long signal
: Identify when the line and crosses over the center of the band, which indicates a long signal.
* Short signal : Identify when the line and crosses the self -sufficient band in the middle, which indicates a short signal.
Sample Trade Strategy
Here is an example of a commercial strategy that includes several price campaign strategies:
Strategy name:
“Trend occurs with me samples and RSI”
- Enter a long position if the line and crosses the center of the band.
- Enter a short position if the line and crosses in the middle of yourself.
- Use a 2-project to identify potential purchase or sale options based on dynamics.
Sample diagram:
|. Time Price
|. — | — |
|. 2023-02-01 09:00 | 100.50 USD |
|. 2023-02-01 10:00 | 100.70 USD |
|. 2023-02-01 11:00 | 100.90 USD |
|. …