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CMSTrading
Nov 8, 2021 3:03 PM

ALGO BREAKING OUT OF FLAG! Long

Algorand / TetherKuCoin

Description

VERY solid fundamentals on this one, long term price has been flowing in impulse moves upwards with consolidation flags in between. Price is currently in a squeezed flag and is testing our breakout area
- need to see a 8h - 1 day break out of flag and resistance area
- will want to have a Bollinger band beak
- first take profit @ 1.618 fib extension level
- stop loss placed below area of volatility in current consolidation area
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