PurpleCrypto
Long

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.

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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.
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