ALGOUSDT | Wave Projection | 4.4 Wave Expanding Diagonal
Price action and chart pattern trading setup
> A possible uptrend 4 wave with expanding triangle pattern ABCDE
> Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave
> The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump pattern is expected.
> Indicator: MACD squeezed and gold cross the baseline with wider uptrend ribbon, most likely to continue rising for now.
Always trade with affordable risk and respect your stoploss - nothing is 100%
> A possible uptrend 4 wave with expanding triangle pattern ABCDE
> Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave
> The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump pattern is expected.
> Indicator: MACD squeezed and gold cross the baseline with wider uptrend ribbon, most likely to continue rising for now.
Always trade with affordable risk and respect your stoploss - nothing is 100%