ALGO / USDT - Big triangle pattern. on the verge a breakout?
Here is my take on ALGO / USDT 4H. We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated.
If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 2.08$
TG2 - 2.18$
TG3 - 2.26$
TG4 - 2.44$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 2.08$
TG2 - 2.18$
TG3 - 2.26$
TG4 - 2.44$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!