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CryptoSlots777
Apr 23, 2022 11:16 AM

ALGOUSDT iH&S Long

Algorand / TetherUSBinance

Description

Support on ALGO touched. Easy to put a stop loss with massive potential gains.

SL should be around 0.67$

Inverted Head & shoulders on daily.



Hidden bull divergence on MACD histogram and RSI on daily.

4H showing a partial decline with 3 rising valleys with hidden bull on MACD.


1.54$ is the first level second should be 1.83$ 50% fib level.

Comment

Comments
Crypto-RyGuy
deff not a hs pattern. but the divergence on macd and a few other indicators is promising
CryptoSlots777
@Crypto-RyGuy,
yes, not a valid H&S, but the way it bounce on the support is very promising.
Crypto-RyGuy
@CryptoSlots777, yeah deff, btc daily stoch rsi is down right now once we start trending back up, i think will see some healthy price action
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