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Feb 20, 2021 5:08 AM

🆓Algorand/USDT Analysis (20/2) #ALGO $ALGO Long

Algorand / TetherUSBinance

Description

ALGO is moving sideways around $1.4 zone and this zone is a good support zone that can help ALGO rally in the near term to $1.6 and $2.2 or higher.
If ALGO fails to hold $1.4 zone, $1.2 zone is still a good support zone of ALGO

📈BUY
-Buy: 1.35-1.4$. SL if B

📉SELL
-Sell: 1.6-1.65$. SL if A
-Sell: 2.2-2.3$. SL if A

♻️BACK-UP
-Buy: 1.175-1.225$. SL if B

❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
Comments
Vincent68
Target $6.70
Azult87
I think the 2.2 target is extremely close, breakout is imminent.
biswad
got liquidated by taking this call. not good at all
Mihai_Iacob
Nice analysis
Thanks for sharing
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