ALGOBTC Bulllish
My colleagues from Kryptotrejder shared an interesting prediction about the ALGO / BTC coin.
ALGO had an impulse movement and created a correction structure. It is currently in our shopping area, from which I expect a reflection upwards. The price level should rise slowly until hit the first target of 4050sats to 4200sats. The last opportunity to buy ALGO coins will be worth between 2730sats to 2650sats. Since this is the last significant support, we need to set Stop Loss to 2599sats. That's all from the perspective of IntraDay trading.
On the 1D chart, I found a potential Bearish Crab Pattern whose D point should be up to 5200sats, which could serve as our Long-Term target. There are several significant Fib. levels in this zone. Therefore it is likely that the graph will attract the price to this zone.
ALGO had an impulse movement and created a correction structure. It is currently in our shopping area, from which I expect a reflection upwards. The price level should rise slowly until hit the first target of 4050sats to 4200sats. The last opportunity to buy ALGO coins will be worth between 2730sats to 2650sats. Since this is the last significant support, we need to set Stop Loss to 2599sats. That's all from the perspective of IntraDay trading.
On the 1D chart, I found a potential Bearish Crab Pattern whose D point should be up to 5200sats, which could serve as our Long-Term target. There are several significant Fib. levels in this zone. Therefore it is likely that the graph will attract the price to this zone.
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