ACH/USD 4H Update - Aug 19
My trade plan is as follows. My bullish bias has been confirmed based on confluence from price action, technical patterns, and oscillators. Price is accumulating under the R/S level that flipped to resistance due to the latest BTC dip. I've entered a long position and set my SL at .071c with a R:R of 3:1. TP1 at .092c TP 2 at the .382 fib.
I wouldn't be surprised if price accumulated for a few days before more upside. As always continuation requires the cooperation of BTC.
Not financial advice. Do your own research. Always practice risk management when entering a trade.
I wouldn't be surprised if price accumulated for a few days before more upside. As always continuation requires the cooperation of BTC.
Not financial advice. Do your own research. Always practice risk management when entering a trade.
Trade active
TP1 reached. TP2 at .104c --> TP3 at .119.I'm trading around a core position here. After reading the ACH whitepaper and doing some research, this token has some serious upside potential. I recommend checking out their website and search for some of their press releases about their intentions -- they are BIG!
Some other thoughts:
- IMO, the .065c dip was just a deviation
- after testing the range high, there could be a pullback to the prior resistance levels ~.104c, .087c, .079c and then range for a while before making the next leg up.
- i'll continue to update my chart and commentary for those of you interested in following along how i trade this token.
Trade active
I loaded back up at .108c as there was plenty of momentum for continuation. It appears ACH is working to turn the .5 fib (.13015c) into support.I've moved up my SL to .125c and am anticipating a test of the .618 fib in the not too distant future. Looking to scale out there unless I'm stopped out before.
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