ACH had strong impulse and correction back to golden pocket (fibb 0.618 range). From there it started ranging in ascending triangle pattern. We have seen similar pattern on XRP back in 2014-2017 period which resulted in breakout of triangle and push to new ATH.
As ACH is oversold and sitting at RSI support line I am expecting bounce up (note a quick fakeout dip is possible) and push to new ATH.
Push up can be a part of ABCD pattern or full impulse (if wave 3 overshoots 0.965$ range) so there is set of multiple targets for the move up.
As ACH is oversold and sitting at RSI support line I am expecting bounce up (note a quick fakeout dip is possible) and push to new ATH.
Push up can be a part of ABCD pattern or full impulse (if wave 3 overshoots 0.965$ range) so there is set of multiple targets for the move up.
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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.