AlgorandLong
ALGOUSD - Bullish idea on the daily timeframe
Hello traders and investors,
Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new (incredible) high.
Looking at possible targets, I see a confluence of Fibonacci for primary pink 3 (2.618) and possible ends of intermediate blue wave 5 (200%).
This is a bullish idea that still needs to unfold in the next couple months.
What's your target?
Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new (incredible) high.
Looking at possible targets, I see a confluence of Fibonacci for primary pink 3 (2.618) and possible ends of intermediate blue wave 5 (200%).
This is a bullish idea that still needs to unfold in the next couple months.
What's your target?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.