We have observed Bullish Harmonic Reversal Pattern and we are taking sell-stop entry if the price breaks down from point B. We will take another entry of buy stop if the trend reverses from point D which is also a Potential reversal Zone (PRZ) after the confirmation of bullish divergence on RSI and new trend formation with HH and HLs .
Hello Traders!
ALGO price continues to move within the descending trend completing the previous market cycle.
The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25
Medium-term purchases can be considered at $0.1440 - $0.1900.
The targets of such purchases will be price levels of $0.25 and...
Algo has respected its major trend resistance for quite some time now.
We can see price get rejected at the 1.09 resistance cluster, which indicates a potential double top.
If the double top is out in play, we can expect to see a price retest to trend support possibly around ($1.40) price level.
Closure above resistance cluster would indicate a possible...
