Acala Token (ACABTC) Long-Term Bullish Reversal (MACD & RSI)These are the same charts from September, the market was not yet ready for a bullish wave; patience is key.
Strategy: Buy and hold. If prices move to produce a lower low, buy more. It will be all worth it once the bullish breakout develops. Months of bearish action can be deleted within days, that is, ACABTC can grow 100-300% within a few days or weeks once it turns bullish.
Just like last time, it is still early because trading volume is still pretty low but a bullish wave can develop anytime since the bears are also weak, there is no bearish momentum. Just as there is no bullish volume there isn't any bear volume as new lows are being hit. This means that the bearish trend is weak. Once the bearish trend weakens, a reversal can happen anytime.
If you look at the MACD and RSI, we have a long-term bullish divergence (since April 2024) and this predicts a change of trend. The RSI is just coming out of oversold now and the MACD is starting to curve up to produce a bullish cross. These are early signals, but we like it early for accumulation purposes.
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