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Short-term

ALGO/USDT Breaks RSI ResistanceThe 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 for chart analysis and ideas
Long
by PurpleCrypto
MATIC/USDT Bullish SignsHello everybody! I wanted to shoot this out before I retire to bed this evening. MATIC/USDT is showing bullish signs on the 4 hour chart. It has just crossed the 90 EMA. From history, it has sky rocketed every single time it has done this since May this year. Based on the previous cross over on 6 August, it has the potential to rise to the 5.786 fibb mark (or 0.02054) if it continues to head up/swings up above 0. If it retreats down, its chances are slim. MacD is turning up and there was a huge increase in volume in the last 30 minutes. 90EMA on the 12 hr and 1D charts are also starting to turn up with the 1D Heikin-Ashi candlestick just turned green (again could change while I'm asleep). Please comment your ideas. I look forward to updating tomorrow morning. Cheerio! --------- Follow me on telegram: t.me
MLong
by PurpleCrypto
Crypto of the Day - LINK/USDTGood morning Asia! I hope you have a deserved rest over the weekend and are bright and alert for a fresh new week. While I await a positive sign/change from ALGO/USDT, I would like to share with you my crypto of the day - LINK/USDT. It is showing signs of the start of a new uptrend. Retracing from the low of the previous uptrend in April this year (where the retracement has hit the .618 fibb and continued upwards slightly the last couple of weeks), it has the potential for big gains over the next few weeks, all things staying positive. The 1D Heikin-Ashi candlestick has stayed green and bullish for the second day running. RSI and MacD and on the way up and have yet to peak, indicating the potential start of an upturn. Other technical analysis has also indicated the possible start of a long-term uptrend, and definitely an uptrend over the shorter-term as well. Long-term forecast (next few weeks) - expect to hit 3.5-4.5 or higher. Short-term forecast (next day or so) - 2.6 to 2.7 mark depending on how far it retraces back today. This is an excellent crypto to get into today at the low of the pullback on a 4 hr chart. ------- Follow me on telegram. t.me
Long
by PurpleCrypto
Crypto of the Day: ALGO/USDT - Long-Term ProspectGood morning to everybody in Asia and good evening to the rest of the world. My crypto of the day is ALGO/USDT, one that has been downtrending for a very looooooong time. Based on my TA. I believe this is going to change. Long-term analysis (as long as it can get for ALGO :) ) indicates this is heading in the same direction as BTC did when it first turned up earlier this year - EMAs, MACD, RSI (just a tiny portion of my analysis but ones that most are familiar with). All movements looking and staying the same, i.e. if it continues to move positively upwards over the next few weeks, this is going to be an excellent long-term prospect with significant gains. Short-term traders, I expect an uptrend change coming soon lasting at least 6-12 hrs once it initiates. Happy trading! _________________ Follow me on Telegram for updates (premium channel for on-point trade signals). t.me
Long
by PurpleCrypto
MATIC/USDT on the rise again? Odd.MATIC/USDT has turned up again in the last few hours (while I had the most beautiful, peaceful sleep after 3 days of international client meetings which entailed waking up in the wee hours to provide trade signals on my premium telegram channel - a 53% ROI in the last MATIC run). Based on the previous run which ended somewhat disappointingly (yes, I wasn't happy with 53%), there is a slight flat-lining to the trend. If it continues in this manner, I envisage an even more disappointing third run up. It is currently too soon to tell if this early rise is going to be another wave or a devious correction. Stay tuned for updates. On another note, I was delighted to find on my return that I have provided inspiration to some long-time posters who are now using a replica of my chart layout. I'm glad people are noticing me - it's a sign that I am doing something right. Although, I do hope they realise that my charts are only skimming the surface of the very deep technical analysis I conduct. ;)))))
M
by PurpleCrypto
Short-term correction inbound towards $10100?Price seems struggling at the current level around 10500 and since we had a big increase yesterday we might see a correction in the near-term. I think many analysts will predict this to trend down to new lows as many said previously. However, I think the correction will be short-lived and fomo will be big. Also keep your eyes open for any news about US bitcoin ETFs that could boost the price. In case the price breaks above the first small triangle, we could skip this correction and jump closer to 11k where there looks to be more resistance (many previous tops and bottoms around that level)
BITSTAMP:BTCUSDShort
by Robinerd