ACTUSDT – Daily Technical Analysis
After experiencing a 74% correction, ACT has reached a major support level at $0.0480, where the price has currently stabilized. From this zone, there is a potential upside move of 26%, targeting the resistance at $0.0650.
However, traders should closely monitor the support level, as a confirmed breakdown below $0.0480 could trigger a bearish flag continuation pattern, potentially leading to another 74% drop.
🟢 Support: $0.0480 (major level)
🔴 Resistance: $0.0650 (26% above current price)
⚠️ Risk: Breakdown could activate a bearish flag and resume the downtrend
After experiencing a 74% correction, ACT has reached a major support level at $0.0480, where the price has currently stabilized. From this zone, there is a potential upside move of 26%, targeting the resistance at $0.0650.
However, traders should closely monitor the support level, as a confirmed breakdown below $0.0480 could trigger a bearish flag continuation pattern, potentially leading to another 74% drop.
🟢 Support: $0.0480 (major level)
🔴 Resistance: $0.0650 (26% above current price)
⚠️ Risk: Breakdown could activate a bearish flag and resume the downtrend
Trade closed: target reached
This cryptocurrency reached its target and grew by 26%. You can save your profit and hold this cryptocurrency. There is also a possibility of its correction now.
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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.
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.