Happy Taco Tuesday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
ALGO could be creating a Bullish Double Bottom Pattern, but only a rebound will confirm that.
Falling further past the Green Support Bar could take ALGO down towards the next Fib Level @ 78.6% $1.0566.
A push upwards past the Pink Resistance Trend Line and going above the 21MA could bring ALGO towards 1.5377 Blue Bar, then up towards the Red Resistance Trend Line.
MACD: Potential Bullish Divergence forming
Stoch RSI: Oversold Region, Potential Bullish Divergence forming
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
ALGO could be creating a Bullish Double Bottom Pattern, but only a rebound will confirm that.
Falling further past the Green Support Bar could take ALGO down towards the next Fib Level @ 78.6% $1.0566.
A push upwards past the Pink Resistance Trend Line and going above the 21MA could bring ALGO towards 1.5377 Blue Bar, then up towards the Red Resistance Trend Line.
MACD: Potential Bullish Divergence forming
Stoch RSI: Oversold Region, Potential Bullish Divergence forming
Always remember to place your Stop Loss.
Price action is KING!
More power to all your trades, my friends!
Ron
Intrepid_Trader
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.