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
That was a lot of correcting for this extremely dope token. I think we're likely seeing the bottom for ALGO going forward. I'm very bullish on this project <3 I think it has a such a bright future!
Actual Inverse head and shoulders (IH&S) breakouts rarely occur when the IH&S is obvious to see. You know the one I am talking about, with everyone screaming "INVERSE HEAD AND SHOULDERS" going "ALL IN" because it's "SO OBVIOUS" . The ones that break out are much more subtle and even arguable. Here I see a subtle IH&S with the yellow line being the neckline....
ALGO/BTC Chart Analysis:
as I told you if we hold this Support I will buy more.
But unfortunately it was dumped bellow support level so I was exited from this trade but now again I am entering this trade.
I am looking bullish on ALGO/BTC.
I am trying to buy between 2100-2200 Satoshi. because 2000 satoshi is very strong Support.
and one more thing for...
#ALGOBTC TA Update:
Current Price of ALGO/BTC is 2300 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
#ALGO Finally I bought at strong Support and waiting for Bounce from here.
I think this is very good Entry.
best Entry according to me 2200-2300 Satoshi.
Stop loss: if any candle close bellow 2100 Satoshi then I...
#ALGOBTC TA Update:
Current Price of ALGO/ BTC is 2050 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
But unfortunately Support Level Broke down and Now ALGO/BTC is bearish Mode.
My Entry 2100-2250 Satoshi.
Stop loss:i told you if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe...
Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading!
If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled...
#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...
