Tornado_Trading
Long

Triple Bullish Divergence on 8H AGOUSDT possible trend reversal

BINANCE:ALGOUSDT   Algorand / TetherUS
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.
Comment: I took profits for now, and wait for how things develop.
Trade closed manually: As stated , took profits and got out
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out