↕️ ALGO - ANOTHER TREND LINE TO WATCH

fraudiana@bbs profile image
Sep 8, 2022
ALGO - 4hr chartALGO - 4hr chart

ALGO already broke the dashed white diagonal line with a little volume spike but is still facing the solid white trend line. A close above that from here could give us a 3-8% move to the next resistance areas. StochRSI at the top right now, but we haven't seen a crossover of the K and D line yet, so maybe there is some steam left for a push above and a retest of the white solid diagonal line then. I guess it depends on what BTC is giving us. If we get a break, watch out for the 200 EMA on the 4hr chart nearby though as it could act as resistance too -- I left the EMAs out to not overcrowd the chart.

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