Downside is continuing. I have not seen any strength or signs of bullishness in ALGOUSDT as of yet, and have not been trading at all. I am expecting more down side as the recent trading ranges have collected all liquidity and there is now a lack of liquidity to move price higher. Capitulating to the downside will allow new buyers to enter the market and allow those who have taken profit to re-buy into the market. Many retail traders are trying to get in at the "bottom" of the market, but it is still too soon.
@Convicente I don't see any signs of a reversal yet, but yes, a reversal could be very close as selling pressure and volatility is diminishing. I'll be waiting for confirmation of a reversal before entering any trade.