Here's a quick look at ALGO 4 hr chart. As we can see the price has been forming a bigger descending triangle for the past few weeks. The price is right now very close to the upper trend-line and we might see a breakout here. A pullback is also very likely as the RSI is overbought and the price is close to the upper trend-line.
The idea is: Buy the breakout from the triangle and sell at the targets presented in the chart.
Targets:
1. 1.32 $
2. 1.45 $
3. 1.6 $
4. 1.83 $
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
The idea is: Buy the breakout from the triangle and sell at the targets presented in the chart.
Targets:
1. 1.32 $
2. 1.45 $
3. 1.6 $
4. 1.83 $
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
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DM @MBM786kr on telegram for full details!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
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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.
🔥 Unlock Lifetime Access to the Premium Trading Group – Just $129 for a lifetime membership!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
🎖Telegram:
t.me/MBM_786kr 🎖
📩 Interested in our Premium Group?
DM @MBM786kr on telegram for full details!
Related publications
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.