ALGO - Critical Times!
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After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple.
For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue.
In this case, a bullish trend continuation would be expected till 3.0
In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red.
In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple.
For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue.
In this case, a bullish trend continuation would be expected till 3.0
In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red.
In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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