ALGO has seen exponential growth since last year.
I have plotted a few key indicators that allow you to understand the potential growth on this cryptocurrency. We have seen clear retracement on Fibonacci levels which could be used as BUY points. The key support and resistance levels could be plotted by drawing a Pitchfork , that clearly identifies these levels. Support and Resistance on the Pitchfork could be used as BUY and SELL points for swing traders, while HODLers could find more buying opportunities at any current price due to their hopes of exponential increase. The yellow bold line is used as a 'Schiff' line that is plotted using the pitchfork , breaking through this line could mean a break in the trend, we clearly see it bounce off this line.
Trade this alt coin in hopes of exponential growth, but beware, like other alt coins, it is not so STABLE.
This is published only for educational purposes
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Thierry
Leave a comment that is helpful or encouraging. Let's master the markets together
I have plotted a few key indicators that allow you to understand the potential growth on this cryptocurrency. We have seen clear retracement on Fibonacci levels which could be used as BUY points. The key support and resistance levels could be plotted by drawing a Pitchfork , that clearly identifies these levels. Support and Resistance on the Pitchfork could be used as BUY and SELL points for swing traders, while HODLers could find more buying opportunities at any current price due to their hopes of exponential increase. The yellow bold line is used as a 'Schiff' line that is plotted using the pitchfork , breaking through this line could mean a break in the trend, we clearly see it bounce off this line.
Trade this alt coin in hopes of exponential growth, but beware, like other alt coins, it is not so STABLE.
This is published only for educational purposes
LIKE for more!
Thierry
Leave a comment that is helpful or encouraging. Let's master the markets together
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免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
