Algousd
ALGO with 15% near term upsideBulls broke out from Multi month base/consolidation surging off the long term POC at 0.21 area with MACD and STOCH signaling on daily chart. Price To test next resistance at .26 area and if closes above has lots of room to grow up to .29 area. This alt has yet to recover as much percentage-wise since March lows as similar currencies, I think it has room to run up in the current rally.
How a real inverse head and shoulders breakout looks Actual Inverse head and shoulders (IH&S) breakouts rarely occur when the IH&S is obvious to see. You know the one I am talking about, with everyone screaming "INVERSE HEAD AND SHOULDERS" going "ALL IN" because it's "SO OBVIOUS" . The ones that break out are much more subtle and even arguable. Here I see a subtle IH&S with the yellow line being the neckline. Breaking out from this should give this coin the juice to also break from the previous support of the bear market. I see a large move on the horizon.
Bless
ALGO/BTC still 200% Potential for meALGO/BTC Chart Analysis:
as I told you if we hold this Support I will buy more.
But unfortunately it was dumped bellow support level so I was exited from this trade but now again I am entering this trade.
I am looking bullish on ALGO/BTC.
I am trying to buy between 2100-2200 Satoshi. because 2000 satoshi is very strong Support.
and one more thing for Bullish.
in daily candle Bullish engulfing working so buy at this level.
entry: 2100-2200 Satoshi
Targets: 2950/3330/4200/5159 Satoshi
Stop Loss: 1980 satoshi
Support: 2100 Satoshi
Resistance: 2950/3330/4200/5159 Satoshi
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ALGO/BTC New Update with 129% Potential Targets#ALGOBTC TA Update:
Current Price of ALGO/BTC is 2300 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
#ALGO Finally I bought at strong Support and waiting for Bounce from here.
I think this is very good Entry.
best Entry according to me 2200-2300 Satoshi.
Stop loss: if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side.
This is very strong Potential coin for me.
its can give huge profit in mid term.
S: 2250 Sat
R: 2913/3360/5159 Sat
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ALGO/BTC Bearish Technical Analysis HTF#ALGOBTC TA Update:
Current Price of ALGO/ BTC is 2050 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
But unfortunately Support Level Broke down and Now ALGO/BTC is bearish Mode.
My Entry 2100-2250 Satoshi.
Stop loss:i told you if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side so My Stop Loss triggered.
but Again if any Candle close above 2150-2200 mean any candle close above our Green box then we can enter again with 1980 Stop loss.
R: 2913/3360/5159 Sat
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Possibility of a breakout looming :>Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading!
If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled a lot within the last few days, and the remaining supports are a lot stronger than the resistances. In fact, I don't foresee much difficulty breaking the resistance levels. What I think is the greatest factor to if we will see a breakout / trend-reversal is if enough momentum can be found to ignite it. I think the possibility of such seems to be favorable now, and offers a high reward to risk to ratio with a tight stop-losses at the close (but strong) resistance levels. We saw Bitcoin break-out yesterday, and sometimes alts actually stall for about a day before following Bitcoin's trend (this would be the optimal scenario, but the power of ALGO itself being a promising and desirable alt should also be considered). I'm long, let's see what happens!
ALGO/BTC Bullish TA Update for Good profit#ALGO/BTC TA Update:
#ALGO now at strong support we can expect bounce back form here.
if we lose this support then Bearish for Mid term.
I am buying some with tight Stop Loss.
if any candle close bellow 2200 satoshi then I will close this trade.
But ic an expect we can see bounce from here.
S: 2250 Sat
R: 2913/3360/4011 Sat
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