ALGOUSDT ANALYSIS
After my first ALGOUSDT analysis,11/07/2020, I added 3 more trend lines (green color).
In these days, after ALGO started falling down, the candles go up and down between 0.394(resistance line) and 0.3417(support line). If the candles fall down at the support line(0.3417) the next support line will be 0.2483. However, if the candles pass at the resistance line(0.394), the next resistance line will be 0.5209.
Our basic tactic is if the candles open and close above the resistance line that you buy it. Therefore, If you wanna buy it, you should wait at the support line(0.3417)
If you have any concerns or questions please let me know.
I am here for you.
In these days, after ALGO started falling down, the candles go up and down between 0.394(resistance line) and 0.3417(support line). If the candles fall down at the support line(0.3417) the next support line will be 0.2483. However, if the candles pass at the resistance line(0.394), the next resistance line will be 0.5209.
Our basic tactic is if the candles open and close above the resistance line that you buy it. Therefore, If you wanna buy it, you should wait at the support line(0.3417)
If you have any concerns or questions please let me know.
I am here for you.
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