ACH/USDT Technical Analysis: Is Another 100% Rally Possible? ACH/USDT Technical Analysis: Is Another 100% Rally Possible?
The cryptocurrency market is known for its volatility, and ACH/USDT is no exception. Currently trading at $0.03976, ACH has seen a massive 650% increase in 2023 alone. However, with the price near its all-time high, the trade can be risky. In this article, we will conduct a technical analysis of ACH/USDT and explore whether another 100% upward rally is possible.
Takeaways:
ACH/USDT is currently trading at $0.03976, up 650% in 2023.
If the triangle breaks upward, there is a possibility of another 100% upward rally in price.
The resistance level is at $0.042, and for bullish mode, a daily candle close above $0.042 is required.
In bearish sentiment, if the daily time frame candle closes below $0.035, we may see a down move.
ACH has already bounced back from the 0.618 Fib retracement level, indicating the possibility of a new all-time high after a breakout.
Risk management and stop loss are crucial in cryptocurrency trading.
ACH/USDT Technical Analysis:
As per the chart, ACH/USDT is trading near its all-time high, making the trade risky. However, if the triangle breaks upward, we may see another 100% rally in price. The resistance level is at $0.042, and for bullish mode, a daily candle close above $0.042 is required. On the other hand, if the daily time frame candle closes below $0.035, we may see a down move.
Furthermore, ACH has already bounced back from the 0.618 Fib retracement level, indicating the possibility of a new all-time high after a breakout. It is crucial to remember that risk management and stop loss are vital in cryptocurrency trading.
Conclusion:
In conclusion, ACH/USDT is currently trading at $0.03976, and a technical analysis of the chart suggests that if the triangle breaks upward, we may see another 100% rally in price. However, it is crucial to remember that cryptocurrency trading is volatile and risky, and risk management and stop loss are crucial for successful trading.
ACHUSDT trade ideas
🔥 ACH Update: New Trend Started!ACH has recently seen very decent price action, where it gained even when BTC was showing weakness.
If you followed my previous ACH analysis you've already made some decent profits, congratulations.
In this analysis I want to add another target to the previous one, since bullish price action seems to stick.
I'm looking at $0.045 in the short-term (previous 2nd target) and $0.051 in the longer-term. If BTC stays neutrally bullish, I think we can expect another leg up after $0.051, potentially targeting $0.06
ACHUSDTDisclaimer
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🔥 ACH Bouncing From Massive SupportACH not a well-known token at the moment, but it has seen some crazy price action since January.
As seen on the chart, this token has followed the dotted purple trendline all this time, and bounced 4 times from it. I'd wager we're going to bounce yet again.
Targets in blue.
ACH 4H accumulatingThere is 2 ways ACH can go:
1. once accumulation is completed and break out. Probably the best point to join the uptrend from the 0.034.
OR
2. if BTC will have a correction then ACH with 90% possbility will do a break down 0.0315.
On the 1H chart there were a good new market volumes, but still no break out 0.034.
It's like 50/50, should just wait for the market and where it goes soon. No need to hurry. Such accumulations can fail easily because of BTC.
ACHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ACHUSDT
R1 is the resistance line in this chart with its presentation of the disability of the price to rise at several points. S2 used to be a resistance area. And S1 is a long-term support line at the bottom with its support of price at different points. Presently, the price has a fluctuation over S1 by the time it fell to this area because of not being supported. We will wait for more decline to reach S1 and then we must wait for some confirmation candles to rise and an increase would be there for the price to reach R1 (which is a good point for saving your profits). By having more fixation over R1, more rise is expected. Also by the time the price loses the support and moves below S1 and via giving us some falling signs, more decline will definitely be waiting for the price toward lower amounts. Please be careful about various points and details and note that for enjoying less risky trades, we recommend you to obtain every piece of information and details through our analyses and updates.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
🔥 ACH Weekly Higher-Low Is In: Parabolic Trend ContinuedACH has seen a massive parabolic move since the start of the year. After two weeks of selling, it seems that this token is ready to take off again.
I'm looking at the blue lines as potential targets, potentially even $0.10 if BTC will break above $25k convincingly.
ACH nice opportunity to get inACH has been in a good pump since few months. Very soon it will go to 0.051 target.
You can see the downtrend channel has already been crossed and on the way to the target.
It is just financial information, not advice. Please do your own research about any altcoin and set your stoplosses. Thanks