![20220327_085225_0000.jpg](https://cdn.steemitimages.com/DQmQppcXeL9FFNPbhYsqZbbMo62GE3ZyAuLq1mKedjjbPKu/20220327_085225_0000.jpg)

The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

Algorand is a decentralised blockchain based network that allows for greater range of applications. Algorand blockchain tries to resolve the problem of scalability by building with the proof of Stake(PoS) blockchain Protocol which allows for speedy and accurate transactions in the blockchain daily, low transaction fees when making a trade and no mining as well. The system of the protocol have a high level of security, scalability and decentralisation. Algo was developed by Silvio Micali being an academic professor in Massachusetts institute of Technology tutoring computer science. The Algo mainnet was in June 2019 with an Initial Coin Offering(ICO) which listed at $2.4. Algo blockchain has been able to accommodate close to 1 million transaction in the platform as at December 2020. The security system of the Algo blockchain is based on the pure proof of stake(PoS) Protocol encompassing it. ___ ### Exchanges traded ___ Algorand is listed in the following exchanges ![20220327_004437.jpg](https://cdn.steemitimages.com/DQmWrorGTAtwGYqDRDu7sSXB1rZzYfEywLLMHyoie4mt7CP/20220327_004437.jpg) Source: [Coingecko](https://www.coingecko.com/) ![20220327_004456.png](https://cdn.steemitimages.com/DQmNnXMbVcTEyo3VCKttkA5NxgZrLHMp662e7ZdRSDjcx3U/20220327_004456.png) Source: [Coingecko](https://www.coingecko.com/) ![20220327_004519.png](https://cdn.steemitimages.com/DQmS9eA5ix1M5g4WZRuWkgUGATLGoDJFj2jPiZRswR5Xpmh/20220327_004519.png) Source: [Coingecko](https://www.coingecko.com/) --- ### Technical / Fundamental Background ___ This are very important aspect of the project and they are displayed in the screenshot below ![20220327_004414.jpg](https://cdn.steemitimages.com/DQmUJXePJmxSVMRAooqeT53Q1AMbMpXnZ7PA84sjsTUVCfP/20220327_004414.jpg) Source: [Coingecko](https://www.coingecko.com/)

Why are you optimistic about this token today, and how long do you think it can rise?

I'm optimistic about this token because It obey my analysis from every indication so I believe it's a good trade for me. I think it can rise up to the level of my take profit or stop loss if the market goes wrong

How to analyze the token? (using the analysis knowledge learned from professors’ courses) —- important part

I used the ***multitime frame analysis, Relative strength index indicator and median indicator*** to make my analysis. I first identified the direction of the market using the support and resistance zone on the 1 day time frame on the chart. After that I came down to 15mins timeframe and applied to the median indicator and relative strength index which confirmed the bearish movement in the market. I took and trade and its going fine. ![20220327_004156.png](https://cdn.steemitimages.com/DQmeqcvAej4if8uW6nx6uA1FR3yiDcjzzE7LKMZgP4wEsvV/20220327_004156.png) Source: [mxc]Source: [Tradingview](https://www.tradingview.com/chart/7EjJzLcP/?symbol=BINANCE%3ABTCUSDT) ![20220327_004229.png](https://cdn.steemitimages.com/DQmfFfRqFdxDK4aNhmkjPdJce37w7G6dWsZhteRSDVbhQa3/20220327_004229.png) Source: [mxc]Source: [Tradingview](https://www.tradingview.com/chart/7EjJzLcP/?symbol=BINANCE%3ABTCUSDT) ![20220327_004053.png](https://cdn.steemitimages.com/DQmXFNpkCgPv3iVxcufZDbMKxhhiENSdqeX9m8dFEZ5XGFK/20220327_004053.png) Source: [mxc](https://www.mexc.com/login) ![20220327_004126.png](https://cdn.steemitimages.com/DQmP9UGgCdPgX9SrV9hGTd5oaAqs53oimZegQvVZUjsVB88/20220327_004126.png) Source: [mxc](https://www.mexc.com/login) ---

Your plan to hold it for a long time or when to sell?

--- I only plan to hold the trade for short term since this is a daily trading competition. ___

Do you recommend everyone to buy? and the reasons for recommending/not recommending

___ I can recommend everyone to enter with my analysis but it's adviceable to do more research personally to confirm my set up. But I can also recommend Algorand for long term because it's has a very new important use case that gives it a niche in the Crypto market. ___

Anything users want to share about the token/project.

--- I will like to share the link to the website and social media platforms of this coin. Website : https://www.algorand.com/ Medium : https://medium.com/algorand Discord : https://discord.gg/QBYp7Y2 Twitter : https://mobile.twitter.com/algorand Telegram : https://t.me/algorand