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Tarmac20
Mar 30, 2023 5:51 PM

ACH Reversal Triangle Short

Alchemy Pay / United States DollarCoinbase

Description

I think ACH has formed a reversal triangle on the week view. The measured move takes us roughly right back to the trend line where it found support in December. I think the price will end up between .007 and .005. Keep in mind it won't be one candle straight down to that area. This will take time, potentially months to get down there, but that is where I will be looking to buy.
Comments
eravinov
It just pierced trough the descending channel, look out above
Tarmac20
@eravinov, look out below ;)
eravinov
are you out of your mind??? What about fundamentals Google / Apple Pay, Visa Mastercard? I say this will be trading 0.06 - 0.09 in a few months. No more rate hikes from Fed, crypto is about to take off
mikeb38beacon
Well that’s kinda nuts😉
SwallowPremium
Great overview, we are agree with your think of outcome!!
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