Chibuike_Odoh

ALGOUSDT (ALGORAND) - UPTREND CONTINUATION

Long
BINANCE:ALGOUSDT   Algorand / TetherUS
ANALYSIS πŸ”Ž
- ALGOUSDT is consolidating in a pennant chart pattern.
- A pennant chart pattern is a trend continuation pattern, a bullish one in this case.
- There's a breakout potential.

BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the pennant pattern's inclined resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Projected ascending channel resistance.
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the pennant pattern's inclined support.

Comments

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