ALGBTC trade ideas
$ALGO, Crossed and retesting descending trendline $ALGO
Crossed and retesting descending trendline on a similar setup to many other altcoins prior start pushing up..
Volume also rising while UCTS indicator is showing buy signals across all lower timeframes..
Let see if it can get traction once #BTC chills a little
#ALGO
Algo/BTC Bearish Continuations? (Oct 27th-Dec 10th 2020)Algorand/Bitcoin rate (October 27th through December 10th 2020)
Low: 0.00000339-0.00001001 ALGO/BTC
High: 0.00002251 ALGO/BTC
Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
ALGO/BTC (3rd Test at Key Level Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is back trading around the key level of support
-Well, this is still good because the Bull defended this zone again
-But the fight is not yet over until the downward trendline is broken upward
-Yes, you can buy at key level but tight stop loss
-Or, wait for the trendline breakout to confirm that the trend will start to reverse
-Upside potential is up to 4000s sat area or higher
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