Triple Bullish Divergence on 8H AGOUSDT possible trend reversal
ALGOUSDT is possibly an interesting trading vehicle for a swing trade.
There is a triple bullish divergence, although it is a bit tricky because the daily chart does not look too good yet.
One could wait for the daily to see the EMA's return positive as well as MACD.
On the 8H chart, we can see how it develops.
Trade entry 0.317 up to 3.23
0.317 (took the trade yesterday)
Target: 3.45
See notes on the possible trend reversal about to happen which will open possibilities for way higher targets to other support and resistance levels.
There is a triple bullish divergence, although it is a bit tricky because the daily chart does not look too good yet.
One could wait for the daily to see the EMA's return positive as well as MACD.
On the 8H chart, we can see how it develops.
Trade entry 0.317 up to 3.23
0.317 (took the trade yesterday)
Target: 3.45
See notes on the possible trend reversal about to happen which will open possibilities for way higher targets to other support and resistance levels.
Comment:
I took profits for now, and wait for how things develop.
Trade closed manually:
As stated , took profits and got out