ALGO.usd ready for wave "3 of 3" after EXACT bounce as predicted

Part of my ongoing analysis of AlgoRand movements (see links below).

Algo retraced deeper than ideal, thanks to Bitcoin .
But it bounced EXACTLY where it was supposed to.
Now it is bubbling just under MASSIVE resistance.

It will take a wave "3 of 3" to break the hard ceiling.
The waves thus far do conform to such a structure.
IF we are to breakout, THIS is the buildup to do so.

HOWEVER, the Holidays just ahead will make it difficult.
Either we will see no movement, or large random spikes.
So this more of an exercise in Fybsics than a trade call.

If we DO get a breakout, sizable profits are likely.
Shorts' stops should trigger the first spike after break.
Then longs may take profit causing a retest of break zone.

Previous Algo analysis (click):
.21 Retrace Target <= EXACT target hit
.25 Rocket Launch <= Just in Time to act
.25 Retrace Call <= Perfect Road Map
.29 Top Alert <= Just in Time, to the Pip
.24 Bounce Call <= Entry within .01% variance
.20 Bottom Map <= Fine tuned as it went

I plot many other Crypto's, plus Forex and some Stocks.
Please visit by TradingView Profile Page.
Dec 25
Comment: o much for our wave 3

Got through resistance, kinda, but apparently used up all the fuel to do so Fizzled out and has fallen below the "fail" level.


Zoom IN (34 min) and looking at the Purple fib the 3.236 has been good support but is surely tired now.
Bulls need to turn that Grey zone into support.


Wishful thinking: The overlaping 5 wave structure of the bounce COULD be considered a "Leading Diagonal" for a wave 1.
The sloppy ABC could be considered wave 2. Yup, wishful thinking. But not ruled out.


- Algo did chew through some tough resistance, but apparently used up all of the fuel to do so.
- But that does mean if bulls do mount another attack on the resistance, it should be pretty weak now.
- EW waves can be drawn to "fit" a narrative as per above, so I rely on my fibs mostly, and until the 3.236 is broken, there is still a shot.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Wealthy I am not
Needy I hope not
Gifts do help out

🙏 BTC 🙏

send When you Can
send What you Want
gain Gratitude you Will


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out