Algorand

$ALGO Wyckoff Accumulation with Spring?

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WARNING: DO NOT TRADE ON THIS CHART

I heard plenty of chatter that BTC formed a Wyckoff Distribution into the dip. Similar to BTC, I see a fairly neat Wyckoff Accumulation here with ALGO that may indicate we have seen the bottom. If this holds, we should go "back-up" and flip the resistance into support on a retest.

However, I am new to this pattern and it is possible the "Spring" is actually "ST in Phase B". If that is the case we would drop below $.67.

I would be happy to hear from someone more experienced.

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