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ALGOBTC

BINANCE:ALGOBTC LONGALGOBTC just had a volume spike combined with a bullish engulfing candle at a Support&Resistance Flip. Summary Trend: Strong uptrend Level: S&R Flip Candlestick: bullish engulfing candle Volume: Volume Spike Orderbook: Depth chart on Binance in favor of buyers I'm buying at around current market levels and aiming to take partial/full profit at TP1 depending on market conditions. This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
Long
by cryptotraderog
ALGO/BTC: Breakout Confirmation for the Long Term 1D (Aug. 11)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ In this analysis, we take a look at Algorand (ALGO)'s daily chart, assessing its bullish probabilities. Analysis - To begin with, it's important to note that we have broken out of a descending trend line resistance that had been suppressing prices for over a year - After a breakout, we have had a pullback, retesting the now support-turned-resistance - We have managed to close above the 0.236 Fibonacci retracement support - The Simple Moving Averages (SMAs) are all aligned in the order of: the 20 SMA, 60 SMA, and 100 SMA What We Believe Just as many other alts that have broken out of major descending resistance trend lines, ALGO demonstrates a high potential upside in a bull market. Let us know what you think in the comment section below Trade Safe.
Long
by XForceGlobal
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