Algorand: It looks like the local bottom is in and we are now looking bullish, assuming market conditions remain bullish. Trying to break above the 55 day EMA, and holding the 100 day EMA as support. This is a point of confluence, IF Algorand breaks above the 55 EMA, AND the Resistance web + Resitance Pool then we are confirmed Bullish.
In a descending triangle and ReTesting the support at 0.32824, already confirmed in the past. It seems to hold for now. IF there is a reclaim or/and the triangle gets broken to the upside, and the selling pressure cools off (meaning the red rectangle is broken and retested) we could see some good upside moves here. The sell pressure on orderbooks however is...