#ACH Alchemy Pay Chart. Told ya so!Told ya so....I posted about ACH dump over the past few days. I hope a few of you made some nice gains. We are reaching my triangle top target. Be ready for cool down.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. DO YOUR OWN RESEARCH! #cryptopickk #bitcoin #altcoins
ACHUSDT trade ideas
#ACH ALCHEMY PAY 4HR CHART UPDATEI put a few support areas on the 4H chart, but honestly the VPVR is showing limited support. If this falls, there may be another free fall.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research. #cryptopickk #bitcoin #altcoins
ACH Bearish ScenarioBearish scenario to possible bottom / reversal.
Huobi early days 2nd level support.
ATL / ATH .786 Retracement.
Daily RSI moving to oversold.
Descending wedge.
Watch for possible Daily RSI bullish divergence.
200 Day MA pushing up to previous support and .786 retracement.
.04 ish would be a high probability entry if this scenario plays out.
Keep an eye out for a news catalyst.
🆓Alchemy Pay (ACH) #ACH $ACHACH is dropping to 0.06$ zone and if it loses this zone, it will fall down to 0.05$ zone. But if the buying force comes back again at 0.06$ zone, ACH will pump up to 0.08$, 0.1$ and 0.14$ zones in this October
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.06$ zone
🔴Buy : 0.06
🔴Sell : 0.08 - 0.1 - 0.14
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.06$ zone
🔵Sell : 0.06
🔵Buy : 0.05
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone
ACH ready for another upward moveAfter a strong upward rally of ~123%, ACH has been in correction mode. Currently the micro 0.5 fib of ACH is holding as support and it has been forming a pennant. If the pennant is broken upward, we might be seeing another upward rally (possibly impulse wave 3). On the other hand, if somehow it breaks downward, there is a possibility of retesting the demand zone.
I am personally expecting it to break upward, though I will be waiting for the confirmation since BTC is slightly bearish right now.
$ACH- HAHA! Why I Love CryptoAlchemy Pay after years of staying below penny did 4000+ % in 4 days.
When a coin suddenly run a mad profit like that, be expecting the correction and consolidation to run deeply as well.
Some pull back down to 0.08 likely to happen.
I will be tight with my stop loss and taking profit when trading this one.
ACH - An Underdog Gem Coin with huge potentialFundamental Analysis:
Alchemy Pay is the pioneer of the world's first payment gateway solution to bridge the gap between fiat and crypto economies. In addition to crypto payments, the gateway enables seamless and easy access to crypto investment, blockchain solutions and DeFi services for everyone, even for those new to cryptocurrencies and blockchain technology.
On Aug 4 Binance and Alchemy Pay announced a partnership to help integrate several major merchants. The pair will build a payment bridge between cryptocurrency and fiat using Alchemy Pay’s hybrid payment solutions and the Binance Pay wallet.
Since its partnership with Binance, it is only a matter of time that it will be listed of Binance pushing the price further upward after its exposure to millions of new traders and investors present on Binance.
Technical Analysis:
We have seen a huge upward rally shown by ACH in recent few weeks, after a huge ACH rally upward pushing the coin to its new all time highs, it again saw a small upward rally from micro 0.618 fib level after completing its correction followed by selling pressure which moved the coin a little downward. Though the key level demand area acted as good support and we saw a bounce from that area today.
Conclusion:
ACH still holds huge potential and I would highly advise to buy it in a small portion on every correction. I have personally been holding a small bag of ACH and will be selling it on Binance. I am positive that this coin will not let me down.
P.S. Do your own research before investing in any coin as well because Crypto Market is highly volatile and things can change.