$Algo rejected by the backtest of the trend breakdown, showing weakness with possible consolidation forming. Holding the hourly 200 ema and sma2 remains bullish. $Algorand
$Algo broke down from the trend sweeping liquidity and bouncing on support levels. It's possible that a more complex structure will be forming on these levels if momentum doesn't recover back above the trend. The weekly is still looking good for an impulse move. #Algorand
$Algo 9hr golden cross could confirm continuation with follow through, lower timeframe ZLSMA momentum looks promising as well, curling up for a next attempt to break resistance if this trend can hold.
Interesting setup for $ALGO as the daily could attempt to break the 200 ema and hold above .14c soon. This could put the weekly RSI above the 50% with more room for upside. A strong rejection between .14c-.16c would invalidate continuation.