ALGO LONG ~UPDATE~!!!!!!!!!!!!!!

My apologies on the fib extension from previous idea. This is updated analysis. Thank you for understanding
Jazerbay😅

Note

This is not financial advice.

Note

Hello! We have seen 50 percent retracement from our impulsive⏫ wave. While reaching 50 fib retracement we also did see a double bottom .. 👏
ALGO is a solid currency. Fundamentally it is very strong, as it likely to play a HUGE role in the future of decentralized economy. Now that it has broken out of its slightly descending triangle , I think it has potential to reach ⏫ $5.

Entry point
~1.3

Note

~1.42

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entry points above🔼👆
that being said, enter at your own risk!!

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Possible target 2
~1.6
target 3
~1.69

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target 4
~1.8
target 5
~1.98

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🖐🖐🖐1.37 is Better entry point as of now 👍

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Stop loss
~1.34

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Another target..
~1.5 Thanks!

Trade active

If we stay above our next support line as depicted, ~1.52 I would expect to see us reach our next target. There will be no more updates on this idea. Thank you 🥴
Trade safely.

jazerbay

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jazerbay

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