ALGO/USDT Breaks RSI Resistance

BINANCE:ALGOUSDT   Algorand / TetherUS
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: https://t.me/purple_crypto
for chart analysis and ideas
Comment: 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.
Comment: ALGO is ready.
Follow me on Purple Crypto telegram where I share my public charts.

Comprehensive crypto analysis, buy & sell signals on Purple Crypto Premium.

Request for a custom comprehensive analysis of your favourite coin.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out