ALGO/BTC 12h (Binance) Falling wedge breakout & pullback

30 Eyl 2020

Algorand has broken out this bullish pattern, breaking 100EMA would make it grow even more!
You could enter now in Spot or Margin, but here goes a safer set-up on a probable pullback:

Current Price= 0.00003268
Buy Entry= 0.00002956 - 0.00002710
Take Profit= 0.00003406 | 0.00003943 | 0.00004857
Stop Loss= 0.00002354

Risk/Reward= 1:1.2 | 1:2.32 | 1:4.23
Expected Profit= +20.23% | +39.18% | +71.44%
Possible Loss= -16.91%

Fib. Retracement= 0.232 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 960h

30 Eyl 2020

Not

By the way, this was the original breakout set-up I made 2 days ago:

2 Eki 2020

İşlem aktif

Entries hit and bounced

I warned you about that pullback and I'm glad I waited for it, patience is the key!

7 Eki 2020

Not

Last entry filled and trying to go up

I'm still positive about that set-up, I expect a move up soon, hold tight!