Algousdt:
Description:
It made small breakout but without any confirmation about it.
We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level.
For now i can't say anything with ambitions about algo.
If we hold this level next resistance would be around 1.65$
If we got rejection from here next support line would be around 1,383.
if lose that level most likely in that case algo will drop down around 1,2
WIth respect your Rhino Aka Bear.
It made small breakout but without any confirmation about it.
We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level.
For now i can't say anything with ambitions about algo.
If we hold this level next resistance would be around 1.65$
If we got rejection from here next support line would be around 1,383.
if lose that level most likely in that case algo will drop down around 1,2
WIth respect your Rhino Aka Bear.