ALGOUSDT Neutral Sideways Channel Emerging

Trade setup:
False breakout from Sideways Channel ($0.25-$0.35) as price has fallen back under $0.35 and into that sideways trading pattern. (set a price alert).

Trend:
Neutral on Medium-Term basis and Downtrend on Short- and Long-Term basis.

Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).

OBV (On Balance Volume):

Is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers).

Support and Resistance:
Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, then $0.50 and $0.70.

Technical IndicatorsSupport and ResistanceTrend Analysis

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