#BinanceBlockchainWeek #Binance #ATC A brief analysis of the bullish scenario for ACT
Overview of the bullish scenario:
ACT shows strong positive signals that support the possibility of achieving bullish targets during the coming period. Based on current technical indicators and market movement, the positive scenario expects the currency to target gradually higher levels, which enhances investors' chances of making profits.
Possible bullish targets:
1. First target: 0.5700 USDT
• A nearby resistance level that reflects the first successful signal of breaking the current downtrend.
• Confirming the buying momentum at this level will enhance the chances of rising.
2. Second target: 0.5800 USDT
• It represents a psychological level and medium-term resistance.
• Exceeding this level will push the currency towards higher targets.
3. Third target: 0.6000 USDT
• A strong key level that indicates the beginning of a stable bullish trend.
• Upon achieving this target, investors' confidence in the market will increase.
4. Fourth Target: 0.6200 USDT
It represents a major breakout of the bullish trend, and puts the currency on a long-term path for additional gains.
Factors supporting the positive scenario:
1. Improved technical indicators:
• Possible positive crossover on the MACD indicator.
• Rising RSI to levels above 50 enhances the bullish momentum.
2. Increased trading volume:
• Any increase in trading volume will give a strong signal of new investors entering and supporting the bullish movement.
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