ACH still has bullish tendenciesWhen the market takes a breath, it's important to remember that it's a natural part of its cycle and to exercise patience instead of making impulsive decisions. Rushing to take action during a temporary lull in the market can result in missed opportunities or even losses, so waiting it out can often be the best course of action.
ACH had an impressive run and we captured over 500% on this at the peak when we closed everything out completely. Personally, I have bouht back my last sell which I intended to be my "moon bag" (it was 20% of my original position) and I was able to gain 20% holdings with that accumulation. Now we're in a waiting stage.
Lets focus on a couple things - first Elliott Wave Theory. Elliott Wave Theory is highly subjective as it relies on the interpretation of wave patterns and can vary greatly between analysts. This subjectivity can lead to differing opinions and potential inconsistencies in applying the theory to trading decisions.
From the lows to where we are, I don't see a completed impulse, which means I think we're in a wave 3 on a larger degree still. This would indicate that we could still move down to 0.027 before moving higher, but ultimately a move to 0.068 seems quite likely and I would expect further resistance there.
Now, lets talk about the wave master. The green wave is almost completely reset on the daily and unless it takes out 0.014, it's making serious hidden bullish divergence (lower low on indicator compared to much higher low on the price action. This would indicate that there's a big move coming. Red and white wave, while still in their infancy, are looking really good, too.
It's important to practice patience when investing and wait for the market to complete its cycle instead of trying to time the market. Additionally, avoiding greed and focusing on long-term gains can help you avoid making impulsive decisions that may lead to losses. Such as if you decided to start buying this at 4 cents or higher. You'd be sweating now, more than likely.
