My apologies on the fib extension from previous idea. This is updated analysis. Thank you for understanding
Jazerbay😅
Jazerbay😅
註釋
This is not financial advice.註釋
Hello! We have seen 50 percent retracement from our impulsive⏫ wave. While reaching 50 fib retracement we also did see a double bottom .. 👏ALGO is a solid currency. Fundamentally it is very strong, as it likely to play a HUGE role in the future of decentralized economy. Now that it has broken out of its slightly descending triangle , I think it has potential to reach ⏫ $5.
Entry point
~1.3
註釋
~1.42註釋
entry points above🔼👆that being said, enter at your own risk!!
註釋
Possible target 2~1.6
target 3
~1.69
註釋
target 4~1.8
target 5
~1.98
註釋
🖐🖐🖐1.37 is Better entry point as of now 👍註釋
Stop loss ~1.34
註釋
Another target..~1.5 Thanks!
交易進行
If we stay above our next support line as depicted, ~1.52 I would expect to see us reach our next target. There will be no more updates on this idea. Thank you 🥴Trade safely.
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