đź’ŽAfter breaking below the ascending channel, the downtrend in #ALGO has been consistently strong. But today, on the 4H chart, we are witnessing a Hummer Candlestick Pattern, a potential sign of a reversal.
đź’Ž Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the Daily chart. If the current low holds until the daily close, it could be seen as the first bullish reversal signal.
đź’Ž But let's not jump to conclusions just yet, Paradisers. We must remain cautious and acknowledge that discussing an uptrend at this moment would be premature. To establish a solid bullish outlook for #ALGO, it must break and sustain above the supply zone and the downtrend trendline.
đź’Ž The MCP team is closely monitoring the current support level, and we'll keep you updated on any further price developments. Stay tuned, stay informed, and stay ahead of the game!
đź’Ž Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the Daily chart. If the current low holds until the daily close, it could be seen as the first bullish reversal signal.
đź’Ž But let's not jump to conclusions just yet, Paradisers. We must remain cautious and acknowledge that discussing an uptrend at this moment would be premature. To establish a solid bullish outlook for #ALGO, it must break and sustain above the supply zone and the downtrend trendline.
đź’Ž The MCP team is closely monitoring the current support level, and we'll keep you updated on any further price developments. Stay tuned, stay informed, and stay ahead of the game!
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đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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Want to trade like a PRO without the 15+ year learning curve?
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
đź«łSteal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Declinazione di responsabilitĂ
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.