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ALGO is sitting around a strong support in green so we will be looking for buy setups.
on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO is sitting around a strong support in green so we will be looking for buy setups.
on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT