a short technical analysis and trade signal for the $ACH
/USDT pair based on the latest data:💯🔥
Technical Analysis (TA):
Current Price: 0.02672 USDT
Recent Price Movement: +9.91% in the last 24 hours.
Support: The recent low is 0.02412 USDT, marking key support.
Resistance: The 24-hour high of 0.02699 USDT suggests the price could face resistance at this level.
Indicators:
Momentum: Bullish, with recent price uptick and volume of 248.20M ACH traded.
RSI: Potentially moving towards overbought territory, caution needed.
Moving Averages: Look for price staying above the 50-period MA for continued upward momentum.
Trade Signal:
Buy Signal: If the price stays above 0.02600 USDT, continue buying with target levels.
Sell/Take Profit Signal: Watch for resistance at 0.02699 USDT. If this breaks, target 0.02750 and 0.02800 as upper levels.
Target Levels 🎯:
1. First Target (Short-term): 0.02710 USDT
2. Second Target (Mid-term): 0.02750 USDT
3. Third Target (Long-term): 0.02800 USDT
Trade Momentum: Positive, with the
potential for further bullish momentum if support at 0.02500 holds. Watch for volatility near resistance levels.