Hi All,
When you look at ALGO amongst many to chose from, it has potential to give back x2 or x3 returns however it requires to pass the pullback test.
> Requirement > If BTC holds current level (unlikely but possible). Lets say it does then Algorand (ALGO), looking at the Weekly chart, must hold of the weekly support of $0.57
With the ALGO/BTC pairing goes below 4224 sats then its likely to continue down but if it holds then ALGO can perform well in the coming weeks.
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Note: At the moment the weekly USDT is bouncing below but holding the daily USDT chart $0.57.
RISK: BTC has dropped but is back above 11500. It needs to hold otherwise the above scenario is invalid.
Please give me a like or tick for this post.
Cheers,
S.Sari
ALGO.BTC close up
ALGO. USDT overview
ALGO.BTC overview
When you look at ALGO amongst many to chose from, it has potential to give back x2 or x3 returns however it requires to pass the pullback test.
> Requirement > If BTC holds current level (unlikely but possible). Lets say it does then Algorand (ALGO), looking at the Weekly chart, must hold of the weekly support of $0.57
With the ALGO/BTC pairing goes below 4224 sats then its likely to continue down but if it holds then ALGO can perform well in the coming weeks.
====================================================================================
Note: At the moment the weekly USDT is bouncing below but holding the daily USDT chart $0.57.
RISK: BTC has dropped but is back above 11500. It needs to hold otherwise the above scenario is invalid.
Please give me a like or tick for this post.
Cheers,
S.Sari
ALGO.BTC close up
ALGO. USDT overview
ALGO.BTC overview
Note
Note
Turning out to be a nice bull flagNote
BTC pairingTrade active
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.