ALGO prepares for run. Target 0.45 EUR

ALGO is at a very good place for swing trade long. It already broke out of Daily high after good consolidation.

Wait for pull and be ready to long it.

Entry: ~0.32 EUR
Target: 0.45 EUR
SL: Based on your risk profile

GL with trading!
Let's hope BTC to not drop like a rock and stops ALGO party :)

Comment:

With recent BTC price action ALGO is in even better shape. We have 3 rejection of price and it is expected to push even higher.

Comment:

ALGO is still in good shape and ready to keep raising. I would even say that the targets could be even higher with recent price action.

I wouldn't be surprised to see targets around 0.5 and higher.

Comment:

ALGO is very methodical coin and slowly is reaching the target of 0.45 EUR. Actually it was hit once but this didn't provide a good timing for everyone to lock profits.

Overall I expect the price to reach 0.45-0.5 EUR where is the main area to take profits and close the trade!
GL!

Comment:

ALGO still has fuel and is doing well so far. The target of 0.5 - 0.65 is reasonable.

Trade closed: target reached:

It was tough decision today but I have decided to take the majority of my profits with ALGO. Why? We reached double top formation and my expected targets.
It was a great coin to hold but as I said I am interested in swing trades.

Overall it made me 88% and I am happy with that. Can it go higher from here, of course but I have decided to take 90% off the table. I will keep monitoring the coin and if there is a good spot I will re-enter with higher portion.