Makes me think from TA side we are looking for new highs
Fundamentals of this project are pointing also uptrend. It's a great project !!!
Cheers !!
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This is the setup I will play on Futures 20x
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Small update on ALGOBTC:
On 1D chart we just print yesterday one doji candle on support (very likely trend reversal), after a few days ago we had a bullish engulfing candle also on support.
All in all this setup is known as bullish checkmate pattern, we just consolidate above privious resistance now our support zone
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As soon as we close one daily candle under support zone, we become bearish...until then all point to bullish
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Weekly chart on USDT pair
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slowly slowly ...one step at a time ;)
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Perfect.. We just close second day in a row with a doji candle on support area ... Both pairs (BTC and USDT) confirm now a very possible trend reversal..Great days ahead ;)
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Just to pay attention, we have a chance to retest support area before we go up, so careful if you leverage ( this is a normal play by marketmaker in any market to shake some people and to take some stop loss before any important run ) ... Cheers!!
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I just discover this ... looks great
Just watch on your chart EMA 200 on 4H chart.... since 5th August we are above and everytime we retest 2 times in a row before big move up.... look where we are now:
Be ready guys ... Breakout is coming soon... Nice days ahead of us ... Or next big stop on uptrend will be 1.03 - 1.063 $ ( remember this ... who want to follow:you welcome, who won't believe it: just wait a few days and see what's happening ;) ... That's 2x price from now without any leverage... Think smart with your personal money... I am responsible only for my money ;)
@BTC_Astrologist, I hope you did not lost money because of me ... sometimes SL is in play, that's life ..we move on... anyway this coin will be a killer in next days/weeks ... Cheers !!!
BTC_Astrologist
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@looky83, oh no my money was lost at the fault of my own haha. I've allocated only a small percentage towards ALGO anyways. I do plan to add more at these levels for its longterm potential. Cheers!
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it's starting to look like the descending triangle pattern.
@sonerekinci, It's true, but everybody can see it's a descending triangle, we have to think outside the box...we still did not close under EMA200 on 4H chart ... we just retest breakout and we touch now fib 0.786... The big picture I still believe this a long... Cheers!!
sonerekinci
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@looky83, You made a good trail, Thank you! Cheers!!