Chart Overview:
The ACE/USDT pair on the 1D (Daily) timeframe is currently in a prolonged downtrend that has persisted since early 2025. The price has consistently formed lower highs, and it's been contained under a well-respected descending trendline (yellow line).
Currently, ACE is approaching a key decision point near the trendline resistance zone ($0.57–$0.60). What happens at this level will likely determine the next major move.
---
🟢 Bullish Scenario: Breakout Ahead?
If the price successfully breaks above the descending trendline and confirms with a daily close above $0.6552, we could see a trend reversal from bearish to bullish. Key resistance levels to watch for potential upside targets are:
1. $0.8110 – psychological and structural resistance
2. $1.0546 – strong previous resistance
3. $1.6973 – mid-term bullish target
4. $2.2435 and $2.9171 – extended bullish targets if momentum continues
Confirmation should be supported by increasing volume and RSI breaking above 50.
---
🔴 Bearish Scenario: Another Rejection?
If the price fails to break the trendline and gets rejected, ACE/USDT may resume its downward trajectory and test the following support levels:
1. $0.5691 – immediate support
2. $0.5000 – psychological support
3. $0.4253 – historical low and potential demand zone
This scenario would reaffirm continued bearish dominance and prolong the current downtrend.
---
📊 Pattern Analysis: Descending Trendline
The dominant pattern here is a descending resistance trendline, showing clear selling pressure and bearish market structure.
A breakout would signal the first major higher high in months – a potential trend reversal signal.
---
🎯 Conclusion & Strategy:
ACE is at a crucial inflection point.
Traders should wait for confirmation before entering a breakout trade.
If a breakout occurs, consider a buy-the-breakout strategy with a stop-loss below the trendline.
If rejected, a short/rejection play toward lower support zones could be viable.
#ACEUSDT #CryptoAnalysis #Altcoins #TechnicalAnalysis #BreakoutTrade #BearishScenario #BullishScenario #DescendingTrendline
The ACE/USDT pair on the 1D (Daily) timeframe is currently in a prolonged downtrend that has persisted since early 2025. The price has consistently formed lower highs, and it's been contained under a well-respected descending trendline (yellow line).
Currently, ACE is approaching a key decision point near the trendline resistance zone ($0.57–$0.60). What happens at this level will likely determine the next major move.
---
🟢 Bullish Scenario: Breakout Ahead?
If the price successfully breaks above the descending trendline and confirms with a daily close above $0.6552, we could see a trend reversal from bearish to bullish. Key resistance levels to watch for potential upside targets are:
1. $0.8110 – psychological and structural resistance
2. $1.0546 – strong previous resistance
3. $1.6973 – mid-term bullish target
4. $2.2435 and $2.9171 – extended bullish targets if momentum continues
Confirmation should be supported by increasing volume and RSI breaking above 50.
---
🔴 Bearish Scenario: Another Rejection?
If the price fails to break the trendline and gets rejected, ACE/USDT may resume its downward trajectory and test the following support levels:
1. $0.5691 – immediate support
2. $0.5000 – psychological support
3. $0.4253 – historical low and potential demand zone
This scenario would reaffirm continued bearish dominance and prolong the current downtrend.
---
📊 Pattern Analysis: Descending Trendline
The dominant pattern here is a descending resistance trendline, showing clear selling pressure and bearish market structure.
A breakout would signal the first major higher high in months – a potential trend reversal signal.
---
🎯 Conclusion & Strategy:
ACE is at a crucial inflection point.
Traders should wait for confirmation before entering a breakout trade.
If a breakout occurs, consider a buy-the-breakout strategy with a stop-loss below the trendline.
If rejected, a short/rejection play toward lower support zones could be viable.
#ACEUSDT #CryptoAnalysis #Altcoins #TechnicalAnalysis #BreakoutTrade #BearishScenario #BullishScenario #DescendingTrendline
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.