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Senor_G
Aug 16, 2021 2:56 PM

ACH/USD update 4H 

Alchemy Pay / United States DollarCoinbase

Description

I'd like to see a long downward wick into the demand zone on sustained high volume sessions and a breakout and retest of the downward trend line and/or key local R/S levels. I will not become confident in a trend reversal until R/S flips occur.

Reference Aug 11 - continuous high-volume sessions were not sustained and the price bleed-out began.

I've set some limit buys around .07c and a few between .03-.04c in the event of a major BTC correction -- keeping my eye on the next ~48K retest, if we aren't able to break it - be prepared to see ~$40-42K and ALTs to run with it.

Comment

Range low support flipped to resistance after the multi-day BTC dip. It appears purchase volume reverted to the mean so it may take consecutive days to accumulate under resistance before the next move up.
Comments
chimp1820
you are absolutely spot on with this. well done mate
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