BINANCE:ALGOUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#ALGO is breaking above the bearish trendline here.
📚 There are some of the bullish factors for it : - There's a S/R line which has been broken and it has so much impact on #ALGO's master candle after a retest on it. - Breaking above the current trendline will lead the pair to the recent high which is also. - This the 5th attempt to breakout and based on 5th rule, Bulls have the opportunity to hold above the trendline. - EMA200 is supporting the movement and also it's standing to the support zone on current chart's time-frame. - MACD had a bullish crossover and now it's breaking above the neutral line; Also there's a buy pressure located on MACD. - RSI is standing at 62 currently which is suggesting the bulls upper hand on current level. - #ALGO is breaking above the MA200 currently
📌 You can take a ride after a hold above the mentioned resistance zone. 🔴 Any close below the support zone will invalidate the bullish bias.
Attention: this isn't financial advice we are just trying to help people on their own vision.