TheSignalyst

ALGO - Wait For The Trigger!

Largo
BINANCE:ALGOUSD   Algorand
Hello everyone, if you like the idea, do not forget to support with a like and follow.

ALGO is sitting around strong support in green so we will be looking for buy setups.

on H4: ALGO formed an inverse head and shoulders pattern but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the gray neckline to buy.

Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Buy CRGPT on Uniswap
cutt.ly/CRGPT
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.