🚨Some red today on altcoins.🚨 Some red today on altcoins.
However, trend still intact.
Time for our #altcoins Weekly Analysis
Facts First, conclusion at the end.
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FACTS
1. Price trading above our RSI red line.
2. Bullish trend support is 20% below current prices.
3. Trend Strength indicator still signaling strong upwards trend.
4. No bearish signal on Rider Algo Oscillator.
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CONCLUSION
A. As price is trading above red line I am still holding most of my alts portfolio, rotating money from overextended alts that are showing weakness signals into ones that seem ready to take off, reducing risk that way.
B. Expect great volatility as price is 20% above of the trend support, that is why we have huge red days followed by a green day the next one. (support gap fighting the red line), if you do not tolerate volatility then just take profits.
C. Mid term target seems like a matter of time, currently 40% above current prices, this is the main reason I am willing to hold as long as red line remains intact.
Not financial advice.
One signal at a time.
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