. ALGOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 0.7444
TP2= @ 0.7727
TP3= @ 0.8096
TP4= @ 0.8968
TP5= @ 0.9881
SL= Break below S2
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last 2-3 weeks we seen huge buying in ALGO coin, in upcoming months its going pump very hard.
entry and targets are given on the chart. Please Like and comment if there are any queries.
#bitcoin #altcoinseason #altcoin #altnews
ALGO has broken the downward trendline. ADX is above 25 in 4hr chart and DI+ , DI- crossover clearly shows uptrend.
ALGO has OBV bullish divergence in Daily chart.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.8582).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 4-5 times.
Huge upside expected as negligible resistance on upside on monthly time frames.
Huge volume buying seen on monthly/weekly/daily time frames.
Horizontal lines are marked for upside targets.
