TradingView
QubitLife
Nov 11, 2020 2:06 PM

ALGOUSDT: Possible Long (11.11.2020) Long

Algorand / TetherUS PERPETUAL CONTRACTBinance

Description

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.
More