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ACHUSD

Short Term Bullish Divergence, Push to .122 EminentHey traders, Here's a quick scalp trade although I love $ACH and have a large bag, this looks like a no brainer for a quick 8-9% upside. We could break through the resistance and consolidate along the downward trending resistance (that would have then turned as support) forming a bull flag and potentially setting up to head higher. The bearish possibility is that we head up to hit the .122 area and get rejected off the trendline and head back down to complete an ABC putting us around .087, I don't think that will happen but it's on the table. If it drops to .087, I'll be loading up the truck with as much as I can buy. Please trade based on your own analysis, this is simply my thoughts on the market. Do your own research, I am not a financial adviser and this is not financial advice. Cheers!
COINBASE:ACHUSDLong
by lolimssulose
ACH - An Underdog Gem Coin with huge potentialFundamental Analysis: Alchemy Pay is the pioneer of the world's first payment gateway solution to bridge the gap between fiat and crypto economies. In addition to crypto payments, the gateway enables seamless and easy access to crypto investment, blockchain solutions and DeFi services for everyone, even for those new to cryptocurrencies and blockchain technology. On Aug 4 Binance and Alchemy Pay announced a partnership to help integrate several major merchants. The pair will build a payment bridge between cryptocurrency and fiat using Alchemy Pay’s hybrid payment solutions and the Binance Pay wallet. Since its partnership with Binance, it is only a matter of time that it will be listed of Binance pushing the price further upward after its exposure to millions of new traders and investors present on Binance. Technical Analysis: We have seen a huge upward rally shown by ACH in recent few weeks, after a huge ACH rally upward pushing the coin to its new all time highs, it again saw a small upward rally from micro 0.618 fib level after completing its correction followed by selling pressure which moved the coin a little downward. Though the key level demand area acted as good support and we saw a bounce from that area today. Conclusion: ACH still holds huge potential and I would highly advise to buy it in a small portion on every correction. I have personally been holding a small bag of ACH and will be selling it on Binance. I am positive that this coin will not let me down. P.S. Do your own research before investing in any coin as well because Crypto Market is highly volatile and things can change.
Long
by syedhamza2135
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