Algo going back to 1$ ?BINANCE:ALGOUSDT
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Possible Targets
➡️Test fundamental price 1$ and global support trend line
➡️ Retest on D1 downtrend fib line
➡️ Retest 0.23 level FIB to make a continuation move UP
➡️ After retest target by end of Bull Run 5.52$
➡️Pattern since 2019 cup and handle already played.
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Algotrading
Wait for the 12H trendline #BTC near the trendline. I see a lot of people using the four hour trendline but that comes with a bigger risk than using the 12H trendline.
I will wait for confirmation before I trade. I even want my algo to print a blue candle.
On the positive side all of my indicators shows overbought, so the break of trend could be now.
Still not a buy Please not that all my postings are for my trading account and not my HODL. I have different rules..Hodl is Hodl based on Sale price and trading is 100% algo based.
Link is still not a trade for me. We haven't broke any resistance of magnitude yet. I'm also waiting for a blue 12H confirmed candle.
ALGO/BTC pumpin!!Here is a quick analysis of the ALGO/BTC chart pumping.
Next targets are resistances marked in horizontal ray blue at 4575 sats & purple at 5540 sats per ALGO coin.
Big green arrow shows how the trend tested the 200 MA and bounced off of it making to break the downtrend channel that was created.
RSI indicator shows how once the downtrend was broken (blue small arrow), it backtested before mooning (orange small arrow).
MACD Showing how positive momentum is building up... :)
BLZUSDT 4H: Possible SHORTBLZUSDT 4H: Possible SHORT
A further fall to the level of 0.2650 is possible after breaking through the level of 0.3180.
BALUSDT 1H : Possible LONGBALUSDT 1H : Possible LONG
If prices break the level of 22.25 again, they may rise to the level of 24.
GOLD - 1920 Target Confirmed, But Don't Chase PriceWe clearly underestimated this current upswing and did not expect gold to break 1835. We expected one more dip to 1770 level then a breakout to the upside follows. Yet market proved us wrong by breaking 1835 today and reaching as high as 1868 after unexpected CPI number came from the US. So we are back to the original plan with our bullish case for gold to 1920-1950 level by year end if you follow our tweets.
Gold surely has its eye on next target 1920 after breaking important resistance 1835. However, do not chase the price as it goes up really fast after shocking news. After digesting the shocking news, gold will probably temper down a little bit. Traders will take profit and big boys will shake out weak hands, the ones who chase the price up.
Technically, you can see gold is repeating its algorithm pattern in April. So we suspect that after this big up, gold will retrace back to 1820-1835 level before making its big upside move toward 1920-1930 level in the next 2,3 weeks.
We would prefer to buy dip. However, it is not a bad idea to short gold from resistance 1865-1875 back to the support level 1820-1835. Our recommend trade is to sell gold around 1865-1875 and target 1825-1835.