Hello my friends.
Previous resistances turns to a support at the moment for ALGO...
Breaking below this support area, we can see ALGO Below 1 dollar something that for me will be extremely
undervalue price for this Altcoin.
I am taking my risks and i long ALGO from the area of 1,73 with a target betwen 2,80 - 3,00.
Your comments are appreciated.
Have a nice...
Algo is likely to bounce here and continue to uptrend, failing to bounce means it will retest the below box but if you are a spot trader you don't have to worry but as a futures trader, I really don't wait for targets before I take profit or close a trade.
Algo to 3+
NFA
Good luck.
I wait for the price to reach the imbalance area to trade short on Algo. Approx 2.45 area. The reaction of the price should be observed when it reaches this area, it may perform a fakeout over the last ATH. When closing on ATH, the trade must be stopped. It is not investment advice.
First things first, monthly chart looks very bullish. Very obvious higher highs and high lows, market structure break leaving monthly demand zones. Using the fib trend tool, we can guess at AlGOs next target which would be 3.3057 which is our 1.618 fib target.
Judging by the current swings in the market, if there is some sort of major correction, I'd expect price...
ALGO hasn't played out yet. Now it is making a perfect setup to breakout. We can see massive gains in the coming days. Both Stoch RSI and MACD are indicating Crossover.
ALGO consolidating within the the triangle. With the presence of volume, this coin will make its big move!. Previous 1d candle shows a possible reversal, If the current candle supports the momentum, there is a high possibility of breakout.
ALGO is bouncing back from its support and I am expecting an 8% to 10% bounce within few hours.
Entry: $1.59 to $1.63
Stop Loss: $1.54
Targets: 8% to 10%.
Keep the SL close and accumulate between the entry levels.
BINANCE
