ALGOUSDT 8H
#ALGO is moving inside a symmetrical triangle on the 8H chart. Currently, it is sitting on the Ichimoku cloud support. If it manages to hold the price above the cloud and break out above the triangle, the targets are:
🎯 $0.4483
🎯 $0.4874
🎯 $0.5430
🎯 $0.6139
If it loses the Ichimoku cloud, it may retest the support line of the triangle, and in case of losing the support line, the next support level is around $0.2428.
🎯 $0.4483
🎯 $0.4874
🎯 $0.5430
🎯 $0.6139
If it loses the Ichimoku cloud, it may retest the support line of the triangle, and in case of losing the support line, the next support level is around $0.2428.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.