✴️ Algorand Early Reversal Signals (Name Your Altcoin)
Updated
We are going to look up close because our goal is to see if there is reversal potential, as the correction has been going long enough and the market is turning all around us.
Algorand hit bottom in August.
We have a higher low in September and a higher low in October (yesterday).
Yesterday's session ended as a Doji which is a reversal signal.
This session also has above-average rising volume.
Summed up:
- Higher lows that lead to a reversal signal supported with rising volume.
These signals are early and weak but still valid.
From this point on a reversal can develop if the bulls follow up.
Additional confirmation comes when prices move above EMA10, EMA21, EMA50, etc.
When the RSI and MACD turn bullish.
When high volume shows up...
This might be a bottom catch.
Thanks a lot for your support.
Namaste.
Algorand hit bottom in August.
We have a higher low in September and a higher low in October (yesterday).
Yesterday's session ended as a Doji which is a reversal signal.
This session also has above-average rising volume.
Summed up:
- Higher lows that lead to a reversal signal supported with rising volume.
These signals are early and weak but still valid.
From this point on a reversal can develop if the bulls follow up.
Additional confirmation comes when prices move above EMA10, EMA21, EMA50, etc.
When the RSI and MACD turn bullish.
When high volume shows up...
This might be a bottom catch.
Thanks a lot for your support.
Namaste.
Trade closed: target reached
+178%. We will revisit after the correction is over.
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