ACHUSDT - Neutral take on this asset!Unless already invested, this asset is a waiting game. Despite the fact that the general current structure is negative, it appears that the Sellers are battling to dominate the narrative.
This rejection, as represented in the chart above, should be interpreted negatively. Spite of that, a lower Low has not yet formed, the downward pressure from the Rejection was resisted at point B, which is virtually at the same level as the previous Low (A).
In light of the foregoing, the proposal is to remain on the sidelines at least until trading has passed the vertical line in Orange, which is expected to occur around 2.30am. Essentially, we are watching the horizontal Support line created by A and B, as well as the future Price Action in/around the shaded area.
Below is the another chart also showing Bearish signs.
Always carry out your own DD!!!
