ALGO the Star ð: a Fresh Look pointing at +80%
Shwatup doe! Hope you are healthy wealthy and blessed <3
It is a wild and beautiful day in the world of crypto, I hope all of you are experiencing it in joy!
Now here we are looking at ALGO on the daily time frame, zoomed way out so BIG PICTURE ya; and what do we see?!
âïļ
I have been simply drawing trend lines on this chart throughout the past month or so and hadnât noticed this star pattern forming, that is until this last parabolic upswing that seems to want to connect the 5-point star pattern to its peak point of $0.94 USD ... the 4.236 Fibonacci extension of our recent low of $0.27 that happens to coincide with the trend line of our previous peaks.
Coincidence?
Maybe we should ask the stars... âĻ
As I said in my last idea titled ALGO Bullish Trend... , âif .47 is broken, we could see a quick move to the .53 areaâ Well, here we are bounced off .53 to support at .49 and now back up sitting right under .53 , at .5064 , with .52 looking like it wants to become support for further uptrend. With a breakout over .52 turned support confirmation, this trade comes into play.
If this star pattern plays out, we may see some resistance at $0.68-$0.70
There looks to be STRONG support at $0.42, and strong support at $0.47 and $0.49, with strength and VOLUME building here at the $0.50-$0.52 level
Long open for possible +80% gains from $0.52 to $0.94
These are my ideas and I am simply sharing my ideas with you.
Please assume your own risk and management.
I am not a financial advisor and this is not financial advice.
One Love âĪïļ
It is a wild and beautiful day in the world of crypto, I hope all of you are experiencing it in joy!
Now here we are looking at ALGO on the daily time frame, zoomed way out so BIG PICTURE ya; and what do we see?!
âïļ
I have been simply drawing trend lines on this chart throughout the past month or so and hadnât noticed this star pattern forming, that is until this last parabolic upswing that seems to want to connect the 5-point star pattern to its peak point of $0.94 USD ... the 4.236 Fibonacci extension of our recent low of $0.27 that happens to coincide with the trend line of our previous peaks.
Coincidence?
Maybe we should ask the stars... âĻ
As I said in my last idea titled ALGO Bullish Trend... , âif .47 is broken, we could see a quick move to the .53 areaâ Well, here we are bounced off .53 to support at .49 and now back up sitting right under .53 , at .5064 , with .52 looking like it wants to become support for further uptrend. With a breakout over .52 turned support confirmation, this trade comes into play.
If this star pattern plays out, we may see some resistance at $0.68-$0.70
There looks to be STRONG support at $0.42, and strong support at $0.47 and $0.49, with strength and VOLUME building here at the $0.50-$0.52 level
Long open for possible +80% gains from $0.52 to $0.94
These are my ideas and I am simply sharing my ideas with you.
Please assume your own risk and management.
I am not a financial advisor and this is not financial advice.
One Love âĪïļ
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
.47 and .49 need to be bought up some more first
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Wow, this pattern is holding up better than I expected!
The lower trend line of the "star" held as support, and price pinged exactly off the upper trend line at .70
$0.94 - here we come ( ! )
The lower trend line of the "star" held as support, and price pinged exactly off the upper trend line at .70
$0.94 - here we come ( ! )
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
We could see a pullback here to the .50s before continuing the trend.
If that happens, i'll be bringing my chips for the dip ;)
If that happens, i'll be bringing my chips for the dip ;)
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
Congrats boys ,
I'm letting some ride xxx
I'm letting some ride xxx
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Looks like a prime long entry again after cooling down over the past two years.
Fundamentals haven't changed.
Fundamentals haven't changed.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
LONG from .22
āļāļīāļāļāļēāļĢāđāļāļĢāļ āļāđāļ§āļĒāļāļāđāļāļ:
Forgot to update this, closed this shitcoin trade. Did well in 2021, one of my biggest printers before I found OHM and that whole era happened.
that trend line acting nicely as support,
we could see another go at breaking .52 this weekend.