There is a positive divergence in the RSI on the daily chart. Looks like it broke the falling wedge. It may want to touch the descending trend line again. However, it will push long-term resistance levels soon. It may be one of the leading altcoins in the bull run.
Like almost all other altcoins, ALGO is ready as a formation and it will do what it has to do soon.
At the weekly chart logarithmically, there are two bowl formations inside each other. The first target is $0.57 at the beginning of 2024, and it is likely to make a new ATH by the end of 2024.
It seems that the new bull season will begin in 2024.
There is a bowl formation. There is a falling wedge formation and if it can be broken, a good bull season can be experienced. The RSI is showing positive divergence supporting the positive view. Since the market cap is at 3-4 M level, it has the potential to easily make 50x or 100x with some money inflow. Listing on an exchange like Binance could trigger a big pump.
After breaking the falling trend line, it made a rapid upward move. It may be difficult to break the $9 level due to horizontal resistance. After breaking this resistance , it will quickly move to the $24-$30 band.
Even if it falls below 20k usd in the short term, this detail will not be noticeable on the long-term chart. The next bull run will start before the halving. #BTCUSD #BTCUSDT #Halving #Bullrun
We are nearing the end of the rise in Bitcoin dominance, and the decline that will begin will be the beginning of the altcoin bull season.
The pattern seems to be working again. I hope we don't get caught in the bull trap. There are many indicators showing that the season will start, and this pattern is useful in showing approximately where we are.
If both price and RSI support lines hold the upward movement will continue. Almost all technical indicators have positive signals. If positive news comes from the team, the momentum of the upward movement will increase. Since the Market Cap is low, there is an opportunity for high profits.
No need to words, the chart explains enough. it seems that the first target is the 40k level.
While all banks stock prices are rising, GARAN stands still due to the intense pressure at the 12.20 level. Obviously, BBVA, which wants to collect the shares, wants to keep the price below its buyback offer, 12.20. We know how such pressures will result from USDTRY. Almost all of the technical indicators are showing strongly BUY. But it is still at its historical...
RSI is supporting this idea with showing positive divergence.
Adam Eve formation appears on the weekly chart. The bowl formation that started in 2002 is likely to be completed. momentum indicators are very strong, very bullish. After play around 103-104 resistance level we can expect for it to reach the destination by following the path.
The downtrend line is broken. The RSI mismatch is very obvious. It should move quickly towards $3.5 - $4. Solar mainnet will be the catalyst for this move.