$ACE USDT
The head and shoulders pattern indicates a bearish outlook, but the bullish RSI divergence and recent price action suggest the potential for a reversal.
The descending triangle pattern points to a critical support level of around $4.75. A decisive break below this level would confirm further bearish movement.
Conversely, a breakout above the descending blue trend lines with high volume could signal a bullish reversal.
Given the current market conditions and recent patterns, the price might attempt to stabilize around the $5.60 support before any significant movement. If the price can break above the $6.00 resistance with strong volume, it might signal a bullish reversal.
The RSI shows a positive divergence, which can suggest a potential reversal or at least a temporary bounce.#ACEUSDT
DYOR
NOT FINANCIAL ADVICE