🛑🛑 Technical analysis of $ACE/USDT (1D) 🛑🛑
Indicators and Levels
Parabolic SAR indicator:
The Parabolic SAR points are below the current price, indicating a bullish trend. 📈
Indicator Ishimoku:
Kijun-sen (purple line) and Tenkan-sen (blue line): Both lines are below the current price, signaling a bullish trend.
Ichimoku Cloud: The price has broken through the cloud upward, which is a bullish signal. 🌥️➡️☀️
Chinkou Span (green line): The lag line is above the price chart, confirming the bullish trend.
Moving averages (MA):
MA (7) and MA (25): The current price is above both moving averages, indicating a bullish trend. 📈
Support and resistance levels:
Support: Area between $5.569 and $5.729. The price tested this area several times, which confirms its significance. 🔽
Resistance: The area around $8.204 and $14.177, where the price has encountered resistance several times. 🔼
Analysis of trends and patterns
Trend line:
The chart shows that the price has broken the downward trend line upward, which is a strong bullish signal.
Pattern:
A rising wedge pattern is forming, which may indicate a continuation of the current upward trend.
Volume and other indicators
Trading volume:
Trading volume remains relatively stable, confirming the current trend. 📊
conclusions
Short term: In the short term, ACE is showing strong bullish signals. The breaking of the Ichimoku cloud and an increase in trading volume confirm this.
Medium-term outlook: To continue growth, the price must maintain above the support level of $5.729 and break through the resistance level of $8.204.
Long term: To confirm a long-term bullish trend, we need to watch for an increase in trading volume and a breakout of key resistance levels.
Trading recommendations 📈💼
Buy: Consider buying the $5.729 support area with a short stop loss below this level.
Sell: Selling may be appropriate at the $8.204 resistance area if the price fails to break through this level.
Caution: Closely monitor trading volume and indicator signals to make informed decisions.
