for the ALTS i see that we would have a relief rally for the summer before the next fed meeting in September , its a period that we could get some relief for all the markets .
my scenario is the green line ( chikou span ) crosses the first red line from below , that would be a confirmation that the ALTS would soar to the upside , we have another resistance level in 2655 , and the strong volume zone (2964-3664 ) that in my opinion would be the end of the alts summer .
we notice also , that the weekly RSI is facing the support channel , but it will broke , and the macd will make the cross and that would be the signal in addition to the first condition i gave (chikou span ).
the lines are support and resistance lines .
zones in red are high volume traded areas (strong support and resistance )
the channel drawn , you can better see them in the daily time frame .
in my opinion a leg down is also possible before the relief rally of alts , if 28 and 29 july news come negative .(1109 -951 area)
not a financial advice
thank you
my scenario is the green line ( chikou span ) crosses the first red line from below , that would be a confirmation that the ALTS would soar to the upside , we have another resistance level in 2655 , and the strong volume zone (2964-3664 ) that in my opinion would be the end of the alts summer .
we notice also , that the weekly RSI is facing the support channel , but it will broke , and the macd will make the cross and that would be the signal in addition to the first condition i gave (chikou span ).
the lines are support and resistance lines .
zones in red are high volume traded areas (strong support and resistance )
the channel drawn , you can better see them in the daily time frame .
in my opinion a leg down is also possible before the relief rally of alts , if 28 and 29 july news come negative .(1109 -951 area)
not a financial advice
thank you
Not
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.