Long

Updated

Alchemy Pay (ACH)

On the above 4-day chart price action has corrected over 90% since the sell signal in August 2021 (not shown). Now is a good opportunity to go long. Why?

1) A strong buy signal prints. (not shown).

2) Price action resistance breakout.

3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 80 day period.

Is it possible price action could fall further? Sure.
Is it probable? No.

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: Don’t know.

Trade active

The momentum should be quite rapid after 1 cent.

Trade active

Momentum ist jetzt unterwegs ;-)

Note

The reason for the move:

"VISA update: We are now listed as one of Visa's Official Service Providers. As an On/Off Ramp payment gateway"

source:
alchemypay.medium.com/visa-lists-alchemy-pay-as-official-service-provider-10118e3da72e

PS: No idea why I wrote the last update Auf Deutsch, head not awake yet.

Note

Have had a few asking about potential targets. To answer that we zoom out. All the way to the weekly. Do you see what I do?

1) A bull flag
2) A breakout
3) A Bullflag extension to $1.30
4) Fib extension confirms past and future cycles ??

This would become a 100x idea.

Will this actually happen? I don't know. However Bull flag / bear flag extensions are typically very accurate, especially on the weekly. The market capital @ 100x would not even be half of what Cardano's ADA is today, let that sink in for a moment.

Weekly chart

Note

I said below I'd update when it was a good moment. That moment has come, price action is on the Golden ratio.

Note

Wasn't Jan 18th a good moment? Another moment is fast approaching...

Note

The 'other moment is fast approaching' Did you see it?!

Remember this is a 100x play, forget about it for a year if you can.

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A weekly bearish divergence is printing. 2.2 cents would be a good re-entry.

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A lot of 'long' ideas on tradingview right now. When the majority are saying one thing...

Price action is consolidation inside a rising wedge, that is bearish. Wait for a confirmation of support around the 1.5 cent area.

4-day chart

Trade active

Back in March 22nd, '2.2 cent would be a good entry'

Kaboom!

Note

Had a number of messages on this one. Many 'long' ideas advertised on TV.
"What is your target?", "A good time to buy?" - if that's you then stop trading. Go to Vegas instead.

The 2-day chart could not be more bearish right now.

1) GRM resistance
2) The bull market support bands is red. No long positions until it flips green. That simple. No Las Vegas, instead a plan.

Do other tokens publish the same set up as ACH when published? Indeed they do, have a look at the recently published ideas by WW.

2-day day

Note

Price action ripped 500% when published.

Is it time to buy?

Trade active

When I first published this idea it was because of certain conditions.

Those conditions have repeated.

Note

Now hold until 8 cents.

Note

Are the majority are opening long positions or taking profits?

Note

A near 500% move is about to print, are you ready?

Trade active

Did you take advantage of the sellers selling for cheap?
Buy low sell high.

Note

For some reason received messages suggest the alt token market is crashing. And yet many are up 50%. ACH included from two posts ago..

If you're leveraged, don't. Not worth it. Spot, awesome. Stay that way you'll sleep better.

Ready for the moon shot? Will explain elsewhere.

Trade active

Trade closed manually

There is something new, do you see?

without_worries

BTC
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Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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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.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: