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Heatrading
Oct 23, 2021 10:49 AM
ALGO impulsive move ahead ?
Long
BINANCE:ALGOUSD
1D
Algorand / US Dollar
Binance
Description
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Oct 23, 2021 10:49 AM
ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate and give a small percentage on a buy in case it pop.
Trend Analysis
Chart Patterns
ALGOUSDT
algo
usdt
ALGOBTC
Comments
trytofeelpositive
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Oct 23, 2021 8:30 PM
agree with ur long
Heatrading
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Oct 24, 2021 10:55 AM
@trytofeelpositive
, Thanks :) Question is on the timing to get optimum ratio between entry & move. Other thing to keep in mind is that market could turn the triangle into a range
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