ACH
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.
✳️ Alchemy Pay Hits New High Today (Grows 190% Within A Month)Alchemy Pay continues with its massive uptrend.
After hitting a low in mid-January, yes, the ALTSBTC pair hit their low in January 2023 as they have a slight delay compared to the ALTSUSDT, we've seen massive growth.
We have a new high today confirming/supporting the bullish case, total growth now reaching 190%+ after a little more than 30 days.
This is not bear-market type of action, this is recovery action, bounce from bottom, bull-market (higher highs and higher lows) comes next.
Namaste.
Clear the way for ACHI'd like to give a little update on our friend ACH. From the lows, we can see there are several spikes in price action. It started in late December 2022 where there were two quick spikes when price discovery was near the lows.
Then things got really interesting. Here's what I love about crypto and alts in particular, the spikes that you typically see are followed by more sell offs. Take a look at October 14 for example. We can see a big spike that lasted roughly a day and it was followed by a sell off that led to new lows in early November.
So far that is not the case for ACH. Now certainly the market can take a downturn at any time and it probably will. I'll update the count as the price action evolves, but as of right now, we've gotten above some significant resistance, including that resistance from October 14 2022.
Additionally, we saw similar spikes on January 16 2023 but the difference this time is it did not lead to new lows. It actually led to another local high and then, as I previously mentioned, taking out the important resistance from October, which we are still above.
If this EWT count is intact, we should see a further pullback to at least 0.0166 before moving higher into at least 0.027 but more likely we will reach 0.031.
As with anything related to technical analysis, things can and do change often. I'll keep track of this count here on TradingView for my followers that are interested. There will be several trading opportunities coming down the road if you are not an ACH holder.
Is this the best place to enter? I'd say no. There are better places to find a well risk managed entry so be patient and wait for BTC to correct a little bit.
ACH is coming down but may soon bounce - 2 entries on chartReason for Scale In trade:
the price may continue going down
and if you get stopped out ... you only lose
your stop loss percentage of only 20% of
the investment.
Use the "3 Ways to buy the breakout" for entry
to reduce your total loss if your stop loss gets hit
( if price loses support of 0.011150 )
Not Financial Advice
This is for Entertainment Only
Alchemy Pay (ACH) is about to complete a Gartley for upto 14.50%Hi dear members , hope you are well and welcome to the new update on Alchemy Pay ACH with BTC pair.
On a 4-hr time frame, ACH is about to complete a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ACHUSDT TREND LINE ANALYSISHi, everyone here.
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It's a coin with no answer in sight.
The sale price is stacked around 0.04302, and it is going down the green downward trend.
To go up, you have to digest all 0.02223 quantities on top and put them on top.
ACH and falling wedge HUOBI:ACHUSDT
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Possible Targets
➡️Since May 2021 we are in global falling wedge.
➡️according by this global Fib we possible find a bottom at -0.38 lvl by FIB where you can add your limit orders
➡️Histogram also shows divergence on 1D timeframe and forming higher lows
➡️ On VPVR you can see the interest zones.
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Alchemy Pay Bullish DivergenceWe have a lower low on ACHBTC when we compare February with April.
We have a very strong divergence when looking at the MACD and RSI.
We have strong higher lows on both indicators.
Really have volume today for AHCBTC to wake up... Tells us that the correction is over and the bulls are looking to enter the game.
Namaste.
ACH (1W CHART)_ Alchemy due for a runACH is closing in on its descending triangle.
It has an inverted hammer andle closed last week (Bullish). We would like to see one more or a spinning top for a likely confirmation.
1D chart MACD crossed (bullish).
Fib. levels will be used as resistance in the future. I feel this going back to 0.08cents within the coming months.
ACHUSDT - Neutral take on this asset!Unless already invested, this asset is a waiting game. Despite the fact that the general current structure is negative, it appears that the Sellers are battling to dominate the narrative.
This rejection, as represented in the chart above, should be interpreted negatively. Spite of that, a lower Low has not yet formed, the downward pressure from the Rejection was resisted at point B, which is virtually at the same level as the previous Low (A).
In light of the foregoing, the proposal is to remain on the sidelines at least until trading has passed the vertical line in Orange, which is expected to occur around 2.30am. Essentially, we are watching the horizontal Support line created by A and B, as well as the future Price Action in/around the shaded area.
Below is the another chart also showing Bearish signs.
Always carry out your own DD!!!
🆓Alchemy Pay (ACH) Feb-11 #ACH $ACH
.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.045$ zone
🔴Buy : 0.05 - 0.045
🔴Sell : 0.06 - 0.07 - 0.08
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.045$ zone
🔵Sell : 0.045
🔵Buy : 0.036 - 0.03
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section