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Algobitcoin

ALGOBTC | A strong bullish setup for end of Jan 2021Hey friends, hope you are well and welcome to the new update on Algorand (ALGO). On weekly chart, the price action of ALGO coin is at the strongest down trendline support. While the priceline is at the support the stochastic has given bull cross, RSI is in uptrend and the MACD indicator has given weak buying signals on weekly chart. On daily chart, the price action of ALGO coin has completed the harmonic Gartley move and entered in potential reversal zone. Here we have a support of 25 SMA in buying zone. The 50 and 100 simple moving averages are also moving down to form bull crosses with each other. On long-term weekly chart the priceline has completed a bullish Shark harmonic move and at the moment the price action is moving within the potential reversal zone. The priceline may move at this level uptil the end of Jan 2021. Because the ichi moku bearish cloud is showing weak bearish cloud signals at that time. So a powerful rally can be expected at the end of Jan 2021. Conclusion: The price action has a support of strong trendline, the bullish Gartley is completed and also a bullish Shark move is another strong bullish signal. But the trendline or PRZ level or Shark should be used as stop loss to minimize the risk.
Long
by moon333
1
ALGO/BTC bullish time !!!!!!!================ BINANCE:ALGO/ BTC ================ ALGO / BTC breakout the line as u can see AlgoHIT THE BREAKOUT LINE maybe it's time the WEAK UP and make revearsal pattern tu bullish time the reason 1. algo cross the falling wedge 2. bullish engulfing 3. the price is up from ema 14,20,50,100 and wait to cross ema 200 and bullish let see elliot wave. we wait for wave 1 if stop and correction we can wait for pullback to wave 2 and entry and ready to moon wave 3. ============================================== Trading is High Risk THIS IS NOT ADVICIAL MANAGEMENT Please use Risk Management and your stop loss ============================================== support my channel Thumbs Up, Comment & Follow Happy Trading Thank You and GOOD LUCK! :) ==============================================
Long
by AnnandraRahman
2