ALGO/USDT Setup (Closed)

ALGO USDT November 2019 Setup

TOTAL WINNINGS: 25.5%

Algorand has been in accummulation for a significant period of time now.

It has reached a point suitable for entry after considerable retracing and is showing positive signs up an upcoming rise.

Increasing order of importance:
1. Grey lines
2. Green lines

Our targets are as follows.

ST1 – 0.4398 (75.9%)
ST2 – 0.6097 (143.9%)
ST3 – 0.7296 (191.8%)
ST4 – 0.8790 (251.6%)
ST5 – 1.0765 (330.6%)
ST6 – 1.3598 (443.9%)
ST7 – 1.5067 (502.7%)
ST8 – 1.6728 (569.1%)

Buy zone: 0.2400 – 0.2500
Profit potential calculated from an entry at 0.2500.

Sell at preferred profit potential. A final sell signal will be posted on Purple Crypto Premium.

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(The targets on this chart have been calculated from technical analysis specific to this setup and are not suitable for anything else.)

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Contact me on trading view for details.

 

Trading View link: https://www.tradingview.com/chart/ALGOUSDT/HIjGbeL4-ALGO-USDT-Medium-Term-Trade-Entry-Closed/

3 thoughts on “ALGO/USDT Setup (Closed)”

  1. ST1 was hit on Feb 21 with an additional 27.5% winnings since re-start.

    However, it also hit my stop loss set at 0.3350 on Feb 24 creating a 2.9% loss since re-start.

    Therefore, total winnings from this play setup was 28.4% – 2.9% = 25.5%.

    This chart is now closed as the targets and setup are no longer applicable.

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