🚨Some red today on altcoins.

🚨Some red today on altcoins.

However, trend still intact.

Time for our #altcoins Weekly Analysis

Facts First, conclusion at the end.

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FACTS

• 1. Price trading above our RSI red line.
  
• 2. Bullish trend support is 20% below current prices.
  
• 3. Trend Strength indicator still signaling strong upwards trend.
  
• 4. No bearish signal on Rider Algo Oscillator.
  

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CONCLUSION

• A. As price is trading above red line I am still holding most of my alts portfolio, rotating money from overextended alts that are showing weakness signals into ones that seem ready to take off, reducing risk that way.
  
• B. Expect great volatility as price is 20% above of the trend support, that is why we have huge red days followed by a green day the next one. (support gap fighting the red line), if you do not tolerate volatility then just take profits.
  
• C. Mid term target seems like a matter of time, currently 40% above current prices, this is the main reason I am willing to hold as long as red line remains intact.
  

Not financial advice.

One signal at a time.

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