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Alorand

Algo has reach the bottom of this correctionAfter the correction that we just saw, it is just a matter of time before we bounce right back up. My entry point is right now $1.69 the RSI is very low the MACD is also very low indicating a promising bounce. The next few hours are important, if BTC can hold the line at $60K then we will see a quick turn around. If the support breaks, the next stop is $52K so it will take a bit longer to recover. We have 2 supports, one at $1.49 and another at $1.19, but I really don't think we will make it to that and this is why I prefer to get in right now, even if it will drop a little further still. TP1: 2.03, (50%) TP2: 2.23, (50%)
Long
by crypthal
7
💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.7078). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.9526 TP2= @ 2.0650 TP3= @ 2.2250 TP4= @ 2.3999 TP5= @ 2.5568 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
16