ACHUSDT.P trade ideas
ACH potential to increase 150%#ACHUSDT
$ACH broke out from descending resistance line and if today close above it, the conformation as support will be done. then ready to head up toward $0.08 that is the first resistance.
if we consider the pattern as falling wedge, target is around $0.106.
and target of huge triangle can be around $0.16 (150%) from current price.
#ACH Alchemy Pay Chart. Told ya so!Told ya so....I posted about ACH dump over the past few days. I hope a few of you made some nice gains. We are reaching my triangle top target. Be ready for cool down.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. DO YOUR OWN RESEARCH! #cryptopickk #bitcoin #altcoins
#ACH ALCHEMY PAY 4HR CHART UPDATEI put a few support areas on the 4H chart, but honestly the VPVR is showing limited support. If this falls, there may be another free fall.
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CHART ON TRADINGVIEW USING MY AFFILIATE LINK: tradingview.sweetlogin.com (thank you in advance!)
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research. #cryptopickk #bitcoin #altcoins
ACH Bearish ScenarioBearish scenario to possible bottom / reversal.
Huobi early days 2nd level support.
ATL / ATH .786 Retracement.
Daily RSI moving to oversold.
Descending wedge.
Watch for possible Daily RSI bullish divergence.
200 Day MA pushing up to previous support and .786 retracement.
.04 ish would be a high probability entry if this scenario plays out.
Keep an eye out for a news catalyst.
🆓Alchemy Pay (ACH) #ACH $ACHACH is dropping to 0.06$ zone and if it loses this zone, it will fall down to 0.05$ zone. But if the buying force comes back again at 0.06$ zone, ACH will pump up to 0.08$, 0.1$ and 0.14$ zones in this October
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.06$ zone
🔴Buy : 0.06
🔴Sell : 0.08 - 0.1 - 0.14
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.06$ zone
🔵Sell : 0.06
🔵Buy : 0.05
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
ACH ready for another upward moveAfter a strong upward rally of ~123%, ACH has been in correction mode. Currently the micro 0.5 fib of ACH is holding as support and it has been forming a pennant. If the pennant is broken upward, we might be seeing another upward rally (possibly impulse wave 3). On the other hand, if somehow it breaks downward, there is a possibility of retesting the demand zone.
I am personally expecting it to break upward, though I will be waiting for the confirmation since BTC is slightly bearish right now.