Algorand vs Tether (Some Bearish Signals)

Algorand (ALGOUSDT) is on a bullish trend.
It has been moving higher and hitting new highs.

In fact, a new ATH was hit last weak but the candle ended closing red with a long upper wick; bearish.

This week candles we see ALGOUSDT moving below EMA10 (confirmation only when the weekly candle closes), another bearish signal.

And the is curving with lots of room to retrace:

We have bearish divergence as well.

These are all bearish signals.

The RSI is still strong but curving/trending down.

Growth can resume after the correction takes place (green arrows).

Thank you for reading.

Namaste.

Trade closed: target reached