Algorand Short Scenario

Algorand / US Dollar (calculated by TradingView) BINANCE:ALGOUSD

R0MM3LL

$ALGO’s last two local highs both saw spinning top candles on the daily chart . Each realizing approx 20% retracement that followed the daily candle close over about 1.5 weeks.

Today, ALGO is forming another spinning top . If the trend continues, this gives a short-term price target of $0.67 by end of March.

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