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ACE / TetherUS PERPETUAL CONTRACT

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ACEUSDT.P trade ideas

Possible Bear flag patternI'm not a financial advisor, and investing in cryptocurrencies involves risks. The Bear flag pattern on a chart might indicate a potential downward move, but it's essential to consider various factors. If the market condition continues to be bullish we might break to the upside. The bearish target is around 2$ The bullish target is around 8.5$ but might go up high to 12.5$. I have a spot bag with a good entry here but will open the hedge short once the Bear flag starts to break. BINANCE:AIUSDT AI/USDT looks similar and I'm in
by Vlad_Tesla
ACEUSDT Bullish Signals Point to 60% Potential IncreaseIn the ongoing trajectory of ACEUSDT, the trend persists upwards, characterized by consistent higher highs and higher lows. Concurrently, a notable adherence to the uptrend trendline is evident upon examination of the daily chart. Particularly noteworthy is the decisive bounce off the 127.2% Fibonacci support level, occurring as the price briefly dipped below the uptrend trendline. This resilient response underscores the robust defense by bulls around the $11.60 mark. In summary, the prevailing indicators strongly suggest that the uptrend remains unbroken. In fact, I anticipate a minimum 60% price surge, with ACE setting its sights on the 327.2% Fibonacci resistance level at $18.50.
Long
by CryptoPAMM
9
ACE/USDT Poised for a Bull Run? 👀🚀ACE Analysis💎Paradisers, let's focus on #ACEUSDT, where the current trends hint at a potential bullish rebound from a vital support area. 💎Reviewing #Fusionist's latest market activity, we notice a significant 50% drop from its recent high. Yet, the steadfastness at the support level of $8.26 suggests an opening for an upward movement. 💎Despite the challenge of surpassing new highs or previous milestones, leading to a temporary bearish sentiment, the $8.26 level is crucial for #ACE. This point is teetering on the edge of sparking a substantial bullish wave with a fresh assessment. 💎As strategic traders, we're always equipped with a plan B. If #ACE declines further from this support, we're aiming for a bullish revival starting from the next support at $7.22. It's important to remember, however, that a fall through this marker could signal the start of more profound bearish trends. 💎Keep your strategies adaptable and your eyes on the market, Paradisers. Your ParadiseTeam is diligently tracking, ready to navigate you through these evolving market conditions.
Long
by MyCryptoParadise_Simon
2
ACE/USDT Breakout Ascending Triangle. Bullish Momentum for ACE!💎 ACE has recently displayed significant market dynamics, breaking out of an ascending triangle pattern, which is typically considered bullish. This breakout suggests the potential for the price to continue its upward movement, probability of reaching our target area. 💎 However, if ACE fails to bounce during the retesting phase at the support level, which was previously a resistance, it could signal weakness in the bullish trend. 💎 A breakdown from this level would be a bearish sign, indicating a potential reversal to the downside. In such a scenario, the price may decline further, potentially finding support at the trendline or the demand area. 💎 The demand area is a critical level, as a bounce from this zone is necessary to sustain the upward momentum. If ACE fails to bounce from this area and breaks below it, it suggests a significant shift in market sentiment towards bearishness. 💎 This could lead to further downward movement, potentially breaching the trendline support and continuing the downtrend.
by MyCryptoParadise