$ALGO/BTC 2D (Binance Spot) Ascending channel on support
Algorand seems to have retraced enough from last spike, I think It's time to enter a swing!
Current Price= 0.00001943
Buy Entry= 0.00001956 - 0.00001818
Take Profit= 0.00002618 | 0.00003956 | 0.00004992
Stop Loss= 0.00001399
Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36
Expected Profit= +38.74% | +109.64% | +164.55%
Possible Loss= -25.86%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price= 0.00001943
Buy Entry= 0.00001956 - 0.00001818
Take Profit= 0.00002618 | 0.00003956 | 0.00004992
Stop Loss= 0.00001399
Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36
Expected Profit= +38.74% | +109.64% | +164.55%
Possible Loss= -25.86%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active:
All entries filled
Algorand is holding 50MA and channel support so far, let's keep it that way!
Algorand is holding 50MA and channel support so far, let's keep it that way!
Comment:
More information about Algorand:
It is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”.
As such, it ensures "full participation, protection and speed within a truly decentralized network".
research.binance.com...en/projects/algorand
It is an open-source, permissionless, Pure Proof-of-Stake (PPoS) blockchain protocol for “the next generation of financial products”.
As such, it ensures "full participation, protection and speed within a truly decentralized network".
research.binance.com...en/projects/algorand
Trade closed: target reached:
TP1 reached with +38.74% (1x) and +1.5R
Algorand finally hit first target, we did well holding tight, keep some for remaining targets!
Algorand finally hit first target, we did well holding tight, keep some for remaining targets!
Comment:
Symmetrical triangle forming
Algorand looks quite bullish in satoshi, can take time but expecting a big move up in the coming weeks.
It could be one of the altcoins that resumes the party, higher targets are still in play!
Algorand looks quite bullish in satoshi, can take time but expecting a big move up in the coming weeks.
It could be one of the altcoins that resumes the party, higher targets are still in play!
Trade closed: target reached:
TP2 reached with +109.64% (1x) and +4.24R
Algorand took more time than expected but after revisiting demand zone it finally went for 2nd target printing a Higher High (HH)!
This is what we were talking about 3 months ago, party has been resumed, SL moved to 1st entry (0.00001956₿).
Algorand took more time than expected but after revisiting demand zone it finally went for 2nd target printing a Higher High (HH)!
This is what we were talking about 3 months ago, party has been resumed, SL moved to 1st entry (0.00001956₿).
Trade closed: target reached:
TP3 reached with +164.55% (1x) and +6.36R
Algorand mooned, insane profit made thanks to being very patient, trade is fully closed 👌🏼
Algorand mooned, insane profit made thanks to being very patient, trade is fully closed 👌🏼
Algorand pumped as expected and is now consolidating before next move.
This seems to be only the beginning and we are not taking profit yet!