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ForecastCity_World
May 3, 2022 11:19 AM

💡Don't miss the great buy opportunity in ALGOUSD  Long

BINANCE:ALGOUSDT240
Algorand / TetherUSBinance

Description

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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6418).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. ALGOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.

Take Profits:
TP1= @ 0.7444
TP2= @ 0.7727
TP3= @ 0.8096
TP4= @ 0.8968
TP5= @ 0.9881

SL= Break below S2

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Trade closed: target reached

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28 % profit...
Total Profit: 28 %
Closed trade(s): 28 % Profit







Update Details:



Closed Profit:
TP1 @ 0.7444 touched at 05.07.2022 with 11.87 % Profit.
TP2 @ 0.7727 touched at 05.07.2022 with 16.13 % Profit.



11.87 % + 16.13 % = 28 %
Trend AnalysisChart PatternsTechnical IndicatorsalgoUSDalgousdalgousdtlongContains image
Comments
carefulOwl22772
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Clear analysis.👍 Your charts are always nicely done.
ForecastCity_World
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@carefulOwl22772, Thank you for your comment. We appreciate it. 🌹
Sophi2018
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thanks for sharing.
ForecastCity_World
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@Sophi2018, You're very welcome!
Sophi2018
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Very cool view.
ForecastCity_World
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@Sophi2018, Thank you for your comment.
Lizabet
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Looks great! Thanks for sharing
ForecastCity_World
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@Lizabet, You're very welcome! We hope you enjoy it.
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