ALGO to provide us with some GAINS as well?Hi guys,
Again as seen on the chart and historic price action or ALGO we can clearly see the PAIN points of where price is reacting and providing opportunities.
If we manage to break this trendline my first BUYS will begin at $0.16.
Risk here is holding drawdown of around -26% if price drops towards second area, so yes, in my eyes it is worth it!
Second area of accumulation and buying ALGO would be my ALL IN BUY ZONE from $0.10 to $0.14.
Potential gain from first zone towards our first target - HIGH of this cycle in 2024 is 280%!
Potential gain from ALL IN BUY ZONE is around 400%!
Second TP zone would be of course psychological level $1 where our gains from first buying area would be around 500% and from the second area would be around 700%
Please invest only what you are willing to lose, play it smart and be patient as patience is the key.
Algogrand
ALGO - when will we moon?Algogrand price has consolidated in the last few days. However, it's currently making the ascending triangle with the bottom trendline which was respected from January till now. We can expect breakout in the next few days - the growing volume is the best confirmation of it. Best entry will be after breaking the current resistance and retest.
(Not a financial advice)
ALGO potential bullish setupCurrently, price osscilates around the level of strong, downside trendline.
We can have ~3 potential setups here:
- Breaking through the upper trendline, bouncing off the resistance at the 1.15 and then going up
- Breaking through the upper trendline and going straight to the 1.42 resistance
- Breaking through the lower trendline and going down (very unlikely to happen)
Algogrand might give %60 Profit in 1 month -4 months descend trend broken, got confirmation
- Up trend started since confirmation day on 23rd Dec
- Price passed fibo 0.236 level with strong and high volume candle
- Target Fibo 0.618 $0.5545
Please read this first !
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Regards