📝 Technical Analysis Overview:
The ACE/USDT pair on the daily timeframe (1D – Binance) is showing signs of a potential breakout from a long-standing falling wedge pattern, suggesting a possible trend reversal to the upside.
🔍 Key Technical Highlights:
1. Falling Wedge Pattern:
A clearly defined falling wedge has formed from the December 2024 peak near $3.742, down to the current consolidation zone between $0.425–$0.514.
This yellow support box represents a strong demand zone, with repeated price reactions since April 2025.
2. Major Support and Resistance Levels:
Strong Support: $0.425 – $0.514 (accumulation zone)
Potential Resistance / Upside Targets:
$0.622
$0.756
$1.053
$1.339
$1.703
$2.254
$2.882
$3.623 (just below the previous high at $3.742)
3. Bullish Breakout Scenario:
A confirmed breakout above the descending trendline and resistance at $0.622 could trigger a bullish move toward higher targets.
The first key breakout confirmation would be a daily close above $0.756 with increasing volume.
4. Early Signals & Validation:
A breakout with strong momentum followed by a successful retest of the trendline would validate the bullish setup.
Watch for high volume and candle structure during the breakout phase to avoid fakeouts.
📌 Summary:
ACE is currently testing the final stage of a bullish falling wedge. A successful breakout could lead to a strong trend reversal with targets beyond $1.0 and higher. This setup offers a good risk/reward opportunity for bullish traders—confirmation is key.
The ACE/USDT pair on the daily timeframe (1D – Binance) is showing signs of a potential breakout from a long-standing falling wedge pattern, suggesting a possible trend reversal to the upside.
🔍 Key Technical Highlights:
1. Falling Wedge Pattern:
A clearly defined falling wedge has formed from the December 2024 peak near $3.742, down to the current consolidation zone between $0.425–$0.514.
This yellow support box represents a strong demand zone, with repeated price reactions since April 2025.
2. Major Support and Resistance Levels:
Strong Support: $0.425 – $0.514 (accumulation zone)
Potential Resistance / Upside Targets:
$0.622
$0.756
$1.053
$1.339
$1.703
$2.254
$2.882
$3.623 (just below the previous high at $3.742)
3. Bullish Breakout Scenario:
A confirmed breakout above the descending trendline and resistance at $0.622 could trigger a bullish move toward higher targets.
The first key breakout confirmation would be a daily close above $0.756 with increasing volume.
4. Early Signals & Validation:
A breakout with strong momentum followed by a successful retest of the trendline would validate the bullish setup.
Watch for high volume and candle structure during the breakout phase to avoid fakeouts.
📌 Summary:
ACE is currently testing the final stage of a bullish falling wedge. A successful breakout could lead to a strong trend reversal with targets beyond $1.0 and higher. This setup offers a good risk/reward opportunity for bullish traders—confirmation is key.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our telegram channel for trading signals. (Free)
✅ Telegram Channel Here : t.me/TheCryptoNuclear
✅ Twitter : twitter.com/crypto_nuclear
✅ Telegram Channel Here : t.me/TheCryptoNuclear
✅ Telegram Channel Here : t.me/TheCryptoNuclear
✅ Twitter : twitter.com/crypto_nuclear
✅ Telegram Channel Here : t.me/TheCryptoNuclear
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.