Alchemy Pay (ACH) — Looking Interesting 🧐
ACH provides a super exciting chart at the moment.
- The token formed a bottom at 0.016 and bounced nicely.
- More importantly, the volume kept constantly increasing while bouncing.
- On top of that, the volume remained high while the token kept consolidating below the resistance during the last days.
Trade Setup 👇
Here's my game plan:
- Wait for the price to break above 0.022 and confirm.
-
- Additionally, the breakout should be driven by another volume increase.
If both happen, I am good for an entry.
- 1st Target: 0.026
- 2nd Target: 0.032
- Stop Loss: 0.02
*Technical Analysis (Short-Term):*
- Price: $0.027 (ACH/USDT)
- Trend: Bullish
- Support Levels: $0.022, $0.018
- Resistance Levels: $0.032, $0.038
- Moving Averages: MA50 ($0.024), MA200 ($0.019)
- Relative Strength Index (RSI): 71.42
- Market Cap: $27 million
- Trading Volume: $1.5 million (24h)
- Circulating Supply: 1 billion ACH
- Total Supply: 10 billion ACH
- Use Cases: DeFi, yield farming, liquidity mining
*Prediction:*
- Short-term: Potential upside to $0.032-$0.038
- Long-term: Dependent on project development, adoption, and market conditions
*Recommendation:*
- Buy: Above $0.032, targeting $0.038
- Sell: Below $0.022, targeting $0.018
*Risks:*
- Market volatility
- Competition in DeFi space
- Regulatory uncertainty
