I'll be honest, I did not expect Algo out of all of them to start pumping like there's no tomorrow the moment BTC crashed. I love this little coin! But it's been really quiet for a long time.
Here's a simple set up on an hourly chart. I love using fibonacci channel when I see a clear trend up or down like this. That way I can see the levels it's less likely to go past, aka resistance and support levels, duh.
Yes, it is now way above the EMA 200, so I expect it to go down naturally, even without the help of any force majeure event (you never know these days).
I personally hope to at least see the price of $2.60-2.63, before the trend starts to weaken. But first it needs to get comfortable with $2.5. Then who knows, I've heard traders call $3.
What do you guys think?
Here's a simple set up on an hourly chart. I love using fibonacci channel when I see a clear trend up or down like this. That way I can see the levels it's less likely to go past, aka resistance and support levels, duh.
Yes, it is now way above the EMA 200, so I expect it to go down naturally, even without the help of any force majeure event (you never know these days).
I personally hope to at least see the price of $2.60-2.63, before the trend starts to weaken. But first it needs to get comfortable with $2.5. Then who knows, I've heard traders call $3.
What do you guys think?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.