ALGO/BTC -Algorand has been trading above the 200D MA and Key support trendline -We can see two strong rejection from the key area of support -If ALGO can hold this level for the next 5-7 days -It is likely to bounce back up to 3500-4000 range -Before potentially hitting the downward trendline resistance -Bulls must hold the 2600 level with the confluence of...
ALGO/BTC -Since the retest of 200D MA last July 14 -The price has pump 60% before coming back to the average -ALGO is currently reacting to the Key support area -If we can see more rejections from strong support zone -There is a high chance this will be its temporary bottom -And eventually, continue higher and break the recent top at 4300 sat -Aggressive Buyers...
ALGO/BTC -forming a complex IH&S+Cup&Handle pattern -the trade setup is to buy the break/close above trendline resistance -target is the recent top or mid resistance area between 3056s-3716s -key stoploss is below 2333s or potential new higher low
#ALGO/BTC TA Update: #ALGO now at strong support we can expect bounce back form here. if we lose this support then Bearish for Mid term. I am buying some with tight Stop Loss. if any candle close bellow 2200 satoshi then I will close this trade. But ic an expect we can see bounce from here. S: 2250 Sat R: 2913/3360/4011 Sat please like and follow me for latest...