Algorand (ALGO): Seeing Signs of Recovery

Algorand has made a market structure break (MSB) on smaller timeframes, which is indicating a potential trend switch here.

Now in the current timeframe we are looking for a break of that 200 EMA, as once we see the buyers take full control over it, we will look for buyside movement so eyes on it!

If for any reason we see further movement to lower zones, and we break local low on small timeframes, we are going to aim for that bearish CME, but for now, we are bullish.

Swallow Academy