Algorand / TetherUSUpdated ALGO next move could be a big one
I have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention
Look for break and retest above global trend and previous daily support around 1.85
If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend.
Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames
Check my previous post for more details, make a plan and follow it!
As always, keep an eye on the health of BTC
Look for break and retest above global trend and previous daily support around 1.85
If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend.
Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames
Check my previous post for more details, make a plan and follow it!
As always, keep an eye on the health of BTC
Note
If BTC maintains and increases ALGOrand will move soon. OBV is at an all time high, and trending up. Volume pressure is building, RSI reset above the 50. Once Global trend and previous price support break punching through that 1.85 level we will likely be away I feel. Keep an eye on BTCNote
Buyers trying to break out now..Note
Retesting now on intraday high, possible buy opportunity with tight stop loss, 1-1.5%. Look for buy setup on lower time frame
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Related publications
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.