ALGOUSDT4H trend chart
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ALGO has kept consolidating as a triangle formation for a while.
There were many times fake out and needed to modify the upper downtrend line.
Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not.
So if price can be confirmed of breaking out this triangle, trading strategy as below.
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Profit Targets:
a) 1.8925----Fib(1)
b) 1.9708~2.0025----Fib(1.272~1.382)
c) 2.0704-----Fib(1.618)
Stop losses:
a) 1.7730-----Red horizontal ray
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→Join Teaching Group for free!(PM me)
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→Join Teaching Group for free!(PM me)
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。