ALGOBTC
ALGO/BTC ALGO seeing a good continuation after breaking above this resilient trend line yesterday, indicating a change in short term trend, matched with a corresponding increase in volume; we can anticipate price and volume to keep rising while we trade above our 0.236 fib support(2600 sats). As we stand, we are definitely bullish on this pair and can anticipate good price appreciation in the short - mid-term; as always, take profits and love stop losses accordingly as the trade progresses
Recent fundamental news : www.coindesk.com
LONG - ALGO - Trading OpportunityFTX:ALGOPERP has not seen much of an uprise even with BTC's crazy action lately, which is kind of odd as all other USD margin pairs are soaring.
Nevertheless a bullish divergence has been formed on the 4h chart, which may be the momentum that ALGO requires to push through.
Entry: 0.2315
TP 1: 0.2427
TP 2: 0.2549
SL: 0.2259
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ALGOBTC forming bullish Shark | Upto 55% bullish movePrice action of Algorand / Bitcoin is forming a bullish Shark and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002955 to 0.00002636
Sell between: 0.00003342 to 0.00004086
Regards,
Atif Akbar (moon333)
ALGO/BTC TA Update (Waiting for bounce at key support?)ALGO/BTC
ALGO is on healthy pullback consolidating above support area 0.382 - 0.5 Fib. If ALGO can sustain this level of support in the coming days or weeks.
There is a high probability to continue its uptrend again provided no red flags happen.
$ALGO, Finally crossing over ~4k sats resistance level$ALGO
Finally crossing over ~4k sats resistance level after multiple tests and rejections on this level (Volume is decreasing tho..!)
Looking for a flip of this level on the 12H/1D charts as potential entry for a long position
UCTS showing buy signals on the 1/2/3D charts
#ALGO
ALGO/BTC (Up to 81% Profit Target)ALGO/BTC
A big spike in volume and a bullish engulfing candle. All we need is a daily candle close in the next few hours.
This is a clear Higher High and Higher Low and a new market structure.
I'll wait for a healthy pullback to confirm old resistance turned into new support.
Trade setup
Buy area: 3562 Sats - 3280 Sats
Sell target: 3800 Sats - 6000 Sats
Stop loss: 2750 Sats