✴️ Acala Multiple Bottom Patterns (2,222% Potential Medium-Term)Acala (ACAUSDT) is showing some signals of a brutal bear market reaching its end, based on two consecutive bottom formations.
➖ The first one happened May-July this year, the classic V shaped bottom.
➖ The next one is playing out now and that is the double bottom pattern.
The second pattern showed up as a higher low compared to the first one.
The first one shows massive volume as the All-Time Low is hit.
👉 I looked at the total potential for this pair in the medium-term and it goes beyond 2,222% (not shown here).
With so much potential mid-term, imagine how fast it can grow for the short-term.
The chart is already ultra-bullish... Let's see how it goes... Patience is key!
Namaste.
ACAUSDT trade ideas
ACA/USDT bullish or bearish? 👀 🚀 ACA today analysis💎 Paradisers, turn your focus to #ACAUSDT! We've spotted it comfortably trading within a demand zone, hinting at potential future moves.
💎 A retrospective glance shows that # AcalaToken recently broke its trend line, charting an upward path. However, its rejection at the supply zone and the formation of an equal high suggest a potential downward shift.
💎 Currently nestled in the demand zone, if #ACA sustains its momentum, we could see a powerful surge towards the overhead resistance. On the flip side, should it breach this demand zone, it might find support and initiate a bullish continuation from the ascending trendline.
💎 An essential factor to keep in mind is the ascending trendline that's been playing the role of support. If ACAUSDT breaks below this trendline, we could witness a descent to approximately 0.0460.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
Acala Network - Falling Node Wedge Pattern!Greetings, Traders! Today, I want to share an exciting technical analysis finding on the trading pair of ACA (the native token of Acala Network) and USDT (Tether). A falling wedge pattern has been identified, indicating the potential for a bullish reversal in the near future. Let's delve into the details!
📈 Trading Pair: ACA/USDT
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 Understanding the Falling Wedge Pattern:
A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. Typically formed during a downtrend, it suggests diminishing selling pressure and the potential for a reversal. This pattern indicates the possibility of an upward price movement.
🔍 Identifying the Falling Wedge on ACA/USDT:
Upon analyzing the daily chart of ACA/USDT, the following observations come to light:
1️⃣ Recent downtrend: The trading pair has experienced a decline in price over the past weeks.
2️⃣ Converging trendlines: The upper trendline connects the lower highs, while the lower trendline connects the lower lows.
3️⃣ Decreasing trading volume: As the falling wedge pattern forms, the trading volume has been declining, indicating a potential reduction in selling pressure.
📈 Price Targets and Trading Strategy:
If the falling wedge pattern on ACA/USDT plays out as anticipated, a potential bullish breakout above the upper trendline may occur, leading to a reversal and potential price appreciation. Consider the following price targets:
1️⃣ Target 1: Resistance level near $2.50
2️⃣ Target 2: Psychological resistance near $3.00
🛡️ Risk Management:
Managing risk is essential for successful trading. Implement the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unexpected price movements.
2️⃣ Adjust position size based on your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on the ACA/USDT trading pair as it develops this falling wedge pattern. The pattern suggests the potential for a bullish reversal on the horizon. However, please note that technical analysis is not infallible, and market conditions can change rapidly. Combine this analysis with other relevant factors before making any trading decisions.
Disclaimer: This post is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions.
Happy Trading! 📈💰
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ACA/USDT 1D. Fall out of channel. Manipulation.Here's coin in DOT ecosystem - Acala network.
Though it has problems with its stable coin etc. there's space for earning money. Here's how.
There was an accumulation channel(logic of the current movements). In it the volume was accumulated.
Now there;s a break down of this channel. Price is dumping. The meaning of it - is how i've already described - collection of stop losses.
From the support price has now dropped 37% down. We've come to the first support and potential reversal zone 0.545$. Yellow level.
The second one is on the chart.
When dropping out of that horizontal channel we had - the downtrend channel started to form, this is when we speak about technical side of this potential manipulation.
Now as you can notice on the chart - the price is on the support of this downtrend channel.
Hence we can at least work locally from the support considering potential bounce of the price.
ACAUSDT | ready for a bullish impulse#ACA/USDT
- The price has been consolidating in the range of 0.1 and 0.17 for a four months now.
- and this range may creates trade opportunity as follow:
#ACA/USDT
🟢Entry price: from now at 0.1035 to 0.095
🎯Targets:
|> 0.12
|> 0.138
|> 0.155
🔴Stop-loss: Daily candle closes under 0.09
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 3%
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ACA/USDT Scalp Trade AnalysisBased on the analysis of the ACA/USDT scalp chart, it is recommended to enter a position at a price of $0.0931. The targets for this trade are set at $0.0994, $0.110, and $0.1182, respectively. In order to limit potential losses, it is advisable to set a stop loss at $0.0881.
It is important to note that the ACA cryptocurrency is currently in a bearish trend, and has recently broken its all-time low. Therefore, it is essential to only enter this trade if the price reaches the specified entry point of $0.0931. Once the order is filled, it is recommended to place the stop loss at $0.0881 to minimize potential losses.
Overall, it is important to approach this trade with a professional mindset and adhere to proper risk management techniques.
ACA with possible golden cross incomingenter on 2hr ... looking for a support bounce - with golden cross incoming ( possible )
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