FieryTrading

πŸ”₯ ALGO Bullish Outlook

Long
BINANCE:ALGOUSDT   Algorand / TetherUS
ALGO seems to be rebounding strongly after the strong sell-off earlier this week. Since a lot of cryptos are seeing strong bullish moves at the moment, ALGO will follow them at some point. My take is that ALGO will see a bullish move towards the 1.185 level, after which there will be a small sell-off towards the 1.10 support level . This support will in turn lead to an even stronger push towards heights of before the mini crash earlier this week.

Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.

Happy trading!
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Comments

thanks for the analysis
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Most of your analysis turned out to be wrong! But thanks for sharing your ideas. I appreciate it. We should study harder.
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FieryTrading panickySnow22497
@panickySnow22497, You're correct that this hasn't been my best week of the year. It's a game of statistics. As long as my gains outweigh the losses in the long run, I'm profitable. This week is far from ideal for crypto traders since the volatility goes both ways.
Reply
panickySnow22497 FieryTrading
@FieryTrading, yes my friend it is right it is a two way game, thank for your analysis I will follow them
Reply
FieryTrading panickySnow22497
@panickySnow22497, Glad to hear that brother. Hope you can learn a thing or two and maybe make some profit with them! Best of luck.πŸ™πŸ”₯
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Wrong.
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your analysis seems way wrong!
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Nice uptrend opportunity, looks very bullish πŸ‘πŸ‘πŸ‘
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FieryTrading caldooninvestment
Reply
Always great analysis, keep going ;)
Reply
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