I'm analyzing the ACH/USDT 4-hour chart and spotting signs of a potential rebound. Here’s what I’m seeing:
✅ Support Zone: Price is testing a key support level around $0.02119, which has held strong in the past. The market appears to be accumulating in this area.
✅ EMA Crossovers: The chart shows a bearish crossover between the 12 EMA and 20 EMA, but watch for a bullish reversal as price approaches this support. Potential for a rebound if the EMAs cross back to the upside.
✅ Volume Delta Analysis: There's a notable increase in volume with a Delta Volume of 28.42%, indicating heightened interest at these levels.
✅ Reversal Probability: The chart shows an impressive 85.6% reversal probability, suggesting a strong chance of a bullish move soon.
✅ Targets: Looking for a potential 30%+ bounce towards key resistance levels at $0.02559, $0.02657, and $0.02845.
📉 Risk Management: Setting a stop loss slightly below the $0.02119 support level to minimize risk in case of further downside.
📈 If support holds and momentum shifts, a strong move upward could follow. Stay vigilant!
🚨 Not financial advice. Always do your own research.
✅ Support Zone: Price is testing a key support level around $0.02119, which has held strong in the past. The market appears to be accumulating in this area.
✅ EMA Crossovers: The chart shows a bearish crossover between the 12 EMA and 20 EMA, but watch for a bullish reversal as price approaches this support. Potential for a rebound if the EMAs cross back to the upside.
✅ Volume Delta Analysis: There's a notable increase in volume with a Delta Volume of 28.42%, indicating heightened interest at these levels.
✅ Reversal Probability: The chart shows an impressive 85.6% reversal probability, suggesting a strong chance of a bullish move soon.
✅ Targets: Looking for a potential 30%+ bounce towards key resistance levels at $0.02559, $0.02657, and $0.02845.
📉 Risk Management: Setting a stop loss slightly below the $0.02119 support level to minimize risk in case of further downside.
📈 If support holds and momentum shifts, a strong move upward could follow. Stay vigilant!
🚨 Not financial advice. Always do your own research.
It be Me
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It be Me
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.