Shwatup doe! Hope you are healthy wealthy and blessed <3 It is a wild and beautiful day in the world of crypto, I hope all of you are experiencing it in joy!
Now here we are looking at ALGO on the daily time frame, zoomed way out so BIG PICTURE ya; and what do we see?! ⭐️ I have been simply drawing trend lines on this chart throughout the past month or so and hadn’t noticed this star pattern forming, that is until this last parabolic upswing that seems to want to connect the 5-point star pattern to its peak point of $0.94 USD ... the 4.236 Fibonacci extension of our recent low of $0.27 that happens to coincide with the trend line of our previous peaks.
Coincidence? Maybe we should ask the stars... ✨
As I said in my last idea titled ALGO Bullish Trend... , “if .47 is broken, we could see a quick move to the .53 area” Well, here we are bounced off .53 to support at .49 and now back up sitting right under .53 , at .5064 , with .52 looking like it wants to become support for further uptrend. With a breakout over .52 turned support confirmation, this trade comes into play.
If this star pattern plays out, we may see some resistance at $0.68-$0.70
There looks to be STRONG support at $0.42, and strong support at $0.47 and $0.49, with strength and VOLUME building here at the $0.50-$0.52 level
Long open for possible +80% gains from $0.52 to $0.94
These are my ideas and I am simply sharing my ideas with you. Please assume your own risk and management. I am not a financial advisor and this is not financial advice.
One Love ❤️
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Ranging between .42 and .52 that trend line acting nicely as support, we could see another go at breaking .52 this weekend.
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.47 and .49 need to be bought up some more first
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Wow, this pattern is holding up better than I expected!
The lower trend line of the "star" held as support, and price pinged exactly off the upper trend line at .70
$0.94 - here we come ( ! )
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We could see a pullback here to the .50s before continuing the trend.
If that happens, i'll be bringing my chips for the dip ;)
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Congrats boys ,
I'm letting some ride xxx
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Looks like a prime long entry again after cooling down over the past two years. Fundamentals haven't changed.
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LONG from .22
Trade closed manually
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Forgot to update this, closed this shitcoin trade. Did well in 2021, one of my biggest printers before I found OHM and that whole era happened.
hopefully, but when we can see a +80% gain, is it in JAN or FEB?
DharmaCat_Pro
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@omda72, I am seeing a big leg up within the next week. This week will be crazy. When BTC has its big pullback and reset, we will see alts like ALGO go boom baby. Keep an eye on January 15th and February 15th.
omda72
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@DharmaCat_Pro, I will try to take a position from now on.
DharmaCat_Pro
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@omda72, This could be a good entry but keep an eye on price action as it has moved to a lower support, but does seem to be holding this star pattern still! Wait for confirmation of .42 as support for re-entry (IMO). Please do your own research as this is simply my creative idea. One love!