As I begin this review, I would like to once again express my gratitude to
AlgoAlpha for his work, which he gave us all for free last year, namely
Reverse RSI. If you passed this tool by, I think that was a big mistake.
You should read up on it and get to grips with it.
So, many of us have lost track of what exactly is putting pressure on the
alt market, if the simple decline in Bitcoin's dominance no longer works
as a simple and clear indicator of the alt season.
As I wrote, there are many factors, including gold.
Then it is logical to consider OTHERS/XAUUSD.
I will take the weekly chart for now.
We can see that yesterday's week closed exactly at the oversold price level,
and the green line itself is preparing to turn downwards.
Note that the price surge on this chart sends the oversold line somewhere
into the basement. In addition, the new weekly candle opened above the line.
What is still missing here is the green Supertrend indicator flag.
But at least we can see by analogy that this price level acts as support.
Sometimes the price reverses near it and reliably reverses starting from it.
This is not a frequent occurrence.
I think the price will rise slightly and may well move sideways a little.
After the supertrend signal appears, a rally is quite logical.
AlgoAlpha for his work, which he gave us all for free last year, namely
Reverse RSI. If you passed this tool by, I think that was a big mistake.
You should read up on it and get to grips with it.
So, many of us have lost track of what exactly is putting pressure on the
alt market, if the simple decline in Bitcoin's dominance no longer works
as a simple and clear indicator of the alt season.
As I wrote, there are many factors, including gold.
Then it is logical to consider OTHERS/XAUUSD.
I will take the weekly chart for now.
We can see that yesterday's week closed exactly at the oversold price level,
and the green line itself is preparing to turn downwards.
Note that the price surge on this chart sends the oversold line somewhere
into the basement. In addition, the new weekly candle opened above the line.
What is still missing here is the green Supertrend indicator flag.
But at least we can see by analogy that this price level acts as support.
Sometimes the price reverses near it and reliably reverses starting from it.
This is not a frequent occurrence.
I think the price will rise slightly and may well move sideways a little.
After the supertrend signal appears, a rally is quite logical.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.