ACTUSDT → Attempting to change the trend for BINANCE:ACTUSDT.P by RLinda

ACTUSDT → Attempting to change the trend

is trying to move into the realization phase after breaking through the resistance of the bearish wedge, a pattern capable of changing trends

After a prolonged downtrend, the coin has found a bottom in the 0.1500 area and yesterday's bitcoin recovery was a bullish driver for ACT. The market is pretty much confirmed manipulation by the US government and will have to come to terms with that.
Technically, the focus is on 0.21400 support. The key pattern to wait for is a false break of the support followed by a consolidation above the level and the start of an upside move. This would be a characteristic bullish maneuver that could lead to local strengthening.

Resistance levels: 0.26800, 0.35120
Support levels: 0.21420, 0.1500

For a trend change, the coin needs not only to consolidate above the support, but also to overcome the resistance at 0.26800. The altcoin market is weak, so there should be strong confirmations to open positions in one direction or another.

Regards R. Linda!

RLinda

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