Long trade setup Analysis on ALGOUSDT using Price action
Updated
Long trade setup building on ALGOUSDT Analysis using Price action:
On chart we can see multiple ascending triangles on 30m,15m. price broken above of the rising wedge of 60m, the price is making a swing low within the 'D' timeframe Channels (Red channel line 'D' ). The overall bias has changed to Bullish . Formation of swing low may lead to short term bullish trend.
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Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or a market analysis is expressly excluded by Badshah.E.Alam . All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
On chart we can see multiple ascending triangles on 30m,15m. price broken above of the rising wedge of 60m, the price is making a swing low within the 'D' timeframe Channels (Red channel line 'D' ). The overall bias has changed to Bullish . Formation of swing low may lead to short term bullish trend.
RISK DISCLAIMER
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or a market analysis is expressly excluded by Badshah.E.Alam . All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
Trade closed: target reached
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