At the Bullish Cypher PCZ NOW? Update 3

Ladies and gentlemen! We are currently at a potentially lower risk entry for $ALGO! We are showing Bullish Divergence with Down Sloping Consolidation after an Impulse up and you just so happen to be at the PCZ of the Bullish Cypher! Refer to Update 2 on the Bullish Cypher pattern for potential areas of price reversal! You really don't want to drop under 524 sats which is currently where my stop loss is placed! That being said, I'd like to discuss the possibility of a Bearish Cypher in play as well! The PCZ of that would be at ironically 786 sats at the .786 Fib retracement! These patterns are never certainties and they only help there case with coinciding variables such as MACD and RSI Bullish Divergence along with other pattern developments. Breaking the down sloping channel may be a bullish confirmation as well which we have not done yet! So keep an eye out. The Alts have been doing poorly against BTC pairing which is why I am extremely hesitant with taking alt coin positions. That being said, I do believe this is a potential bullish set up here! I'll keep you guys updated as always! :D

Trade active:

First Profit taking level hit for the bullish cypher! Next one inc!

Comment:

Second Profit Taking level hit for the bullish cypher! Next one is at the wick of A and also at the potential PCZ of the Bearish Cypher Pattern! This is where we may see some real price reversal to the downside. Next Target is at about 786 sat range.