QubitLife

ALGOUSDT: Possible Long (11.11.2020)

Long
BINANCE:ALGOUSDTPERP   Algorand / TetherUS PERPETUAL FUTURES
At D1, the price has broken the downtrend line. An initial growth impulse was formed.

On H4, the price is forming a local correction, which can take the form of a Zagzag. It is highly likely that the price will test the 76.4% Fibonacci correction level, where the RSI reaches the oversold level.

We recommend taking a long when the price reaches the $ 0.24 level in order to keep the position above $ 0.35.
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