Here's a quick look at ALGO 4 hr chart. As we can see the price has been forming a bigger descending triangle for the past few weeks. The price is right now very close to the upper trend-line and we might see a breakout here. A pullback is also very likely as the RSI is overbought and the price is close to the upper trend-line.
The idea is: Buy the breakout from the triangle and sell at the targets presented in the chart.
Targets:
1. 1.32 $
2. 1.45 $
3. 1.6 $
4. 1.83 $
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
The idea is: Buy the breakout from the triangle and sell at the targets presented in the chart.
Targets:
1. 1.32 $
2. 1.45 $
3. 1.6 $
4. 1.83 $
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
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🎖Telegram: t.me/MBM_786kr🎖
