Algorand / TetherUS
Long
Updated

ALGOUSDT the bullrun is not finished..Le'ts go to 8.5k

619
Algo had a nice pump...but we have plenty signals that the run is not finised.

Time to go long @6.3k - 6 k
TP1: 8.5 k
TP2 : open


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Resistence area is @ 8.5k


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Ascending triangle soon to be broken:


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1H Chart:


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2H chart: we are out of triangle
4H chart: we just stay above 21EMA ...as long as we don't have 3 consecutive candles under 21EMA trade is perfectly active


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Sorry for so many colors. I hope this chart is not to crowded !!


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Long is the way, even if we closed 3 candles under 21EMA on 4H chart

we did not closed this 4H candle under previous Lower Low to confirm downtrend (red line)

on 8H chart we are still above 21EMA..

It's bull time soon... just last cheap prices ....scary all people ... for sure plenty believe this is bearish... time will show ;)




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now we are @ 0.5 fib level

If we don't start uptrend from here, then we have big chances to visit 0.618 level to meet also the trendline since 2nd August...possible buttom there and also maybe some have big interest to buy there @ 0.54


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Power of 3 explain by a legend ;)

twitter.com/RektProof/status/1199949357446905857?s=20
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Looks similar?

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Nice...back on track ;)


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Possible?


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Power of 3 looks perfect for now...


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Last post until reach target:

This is how I see this play out...maybe will take some time, but we will go there... now we start to form a nice ascending triangle.. Regards and respect to all ;)

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I know I said before last post, but this is worth seeing :

one of the last chances to buy here @ 0.6 area:

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Trade closed: stop reached

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