Hello Frens, Daily timeframe: These next 1-2weeks are going to be critical for Algorand. The Stochastic RSI, RSI, and MacD are all showing signs of a downtrend after spending time in the oversold areas. Volume just is not there for upward continuation. Weekly timeframe: RSI and stochastic RSI are in oversold areas but, we can be oversold and still...
we need a 4h super trend close below 40% which is pretty difficult. mac D go green BB breaking to the upside lol. Consolidate into btc for a final leg up or is this bullrun cut short?
Super trend 4H - has been bearish, needs to close above 50,000 to return to bullish. 1D - bearish just triggered, needs a close above 53,000 to return to bullish. Descending triangle MacD - turning light green, then red lol. BBands - price at lower BB looking for new lows September no bueno for bitcoins
a 2hr close below the super trend and a candle below the flag will indicate short term bearish trend. no volume is indicating a move to the down side as-well.
Long term bullish. 2020 full fib extension was hit, set from earlier this year. big retrace. then a full fib extension (4.236) was hit today. Big retrace, next? Next price target is 5.8$ maybe in the next 4-8 months?
previous fib has reach 3.618 (2020) perfectly. RSI , Stoch RSI , and MAC D showing over bought ranges and over extensions. time for some retracment for final/next leg up.
Eth is showing serval signs of weakness - macD death cross on the 1 day Time frame - Rsi way oversold for a while now and stoch RSI - low volume - BB overextended need to tighten up for the next pump - ETA 1-2weeks then boom
elliot wave 5 in route ascending triangle rsi divergence ready to turn green btc.d ready for a dip, could not hold 49%, #ALTSEAON GODS SPEED
- touched the bottom of the fibbo now ready for next leg up - mac d ready for a reversal - ETA july - august - gods speed