ACH/USD ranges that I am watching
Updated
Wasn't familiar with this coin but did some research and believe this ERC-20 token has legitment utility and value. With the recent announced partnership with Binance as a fiat/crypto on-ramp option to its trading platform, I'd assume this coin will be listed well in advance of the business relationship launch.
It will be interesting to watch this coin long term. Currently the algos are in control so it will likely take some large buy volumes to come into the market for it to test .15-21c range again.
ACH is currently in a downtrend accumulating within the lower portion of an established range. Looking for it to test the lower bound for a 'triple bottom' and trade entry based on a bullish retest on LTF; otherwise, I see this continuing its downward trend to the next level of support at .068c.
In the event of a significant BTC reversal/correction, I would target an entry between .03 and .04c.
The golden dotted lines are my buy-lines if BTC remains in a bull trend.
It will be interesting to watch this coin long term. Currently the algos are in control so it will likely take some large buy volumes to come into the market for it to test .15-21c range again.
ACH is currently in a downtrend accumulating within the lower portion of an established range. Looking for it to test the lower bound for a 'triple bottom' and trade entry based on a bullish retest on LTF; otherwise, I see this continuing its downward trend to the next level of support at .068c.
In the event of a significant BTC reversal/correction, I would target an entry between .03 and .04c.
The golden dotted lines are my buy-lines if BTC remains in a bull trend.
Note
It appears ACH may have found support around .065c but trading volume remains low. I wouldn't be surprised to see the price continue to get pushed down by algos. Buyers haven't stepped in yet so would be cautious to long until we see a bullish confirmation.I have no idea what the fundamentals are behind this project but from a pure visual perspective the chart looks like dog sh!t so likely a good buying opp :)
If you are a buyer, I would look at placing a stop .058-.059c in order to sweep the low on that slight pullback. Otherwise, I'd target buying .03-.05c which provides plenty of upside. IMO this coin will likely need some time to consolidate/accumulate regardless of the local bottom, so buyer beware from an opportunity cost perspective.
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