ALGO/USDT Breaks RSI Resistance
Updated
The long awaited move by ALGO has begun, breaking the long resistance in stoch RSI on the 6 and 12 hour charts. It's made the biggest move since Aug 14 and all other signs are positive too.
I believe it has completed its first small wave with it currently in a small downtrend. I am expecting it to rise to the peak RSI on the 6 hr chart in the short term.
As per my previous analysis, I am expecting this to trend upwards for a while, which will a a bright light at the end of the tunnel considering BTC's performance of late.
_____
On point trade signals & premium charts on my Purple Crypto Premium telegram channel.
Follow me at: t.me/purple_crypto
for chart analysis and ideas
I believe it has completed its first small wave with it currently in a small downtrend. I am expecting it to rise to the peak RSI on the 6 hr chart in the short term.
As per my previous analysis, I am expecting this to trend upwards for a while, which will a a bright light at the end of the tunnel considering BTC's performance of late.
_____
On point trade signals & premium charts on my Purple Crypto Premium telegram channel.
Follow me at: t.me/purple_crypto
for chart analysis and ideas
Note
Give the chart a like if you'd like to support my work an more ideas. :)Trade closed manually
ALGO came and just as quickly, ALGO has left the building, leaving a mild bittersweet taste lingering.I believe it will be a while ( possibly a few days) before it is back.
I hope more of us made a small profit than not.
A new analysis will be posted when it starts looking positive again.
Note
ALGO is ready.
🌀 Join Purple Crypto Premium: purplecrypto.online/cryptoregister
📈 Exclusive private charts on Telegram: t.me/purple_crypto
▶ Bitchute: bitchute.com/channel/9HWKbDRnLQRD
📈 Exclusive private charts on Telegram: t.me/purple_crypto
▶ Bitchute: bitchute.com/channel/9HWKbDRnLQRD
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.