We are seeing in Wyckoff analytics the resumption of an uptrend after this consolidation. Entering Phase E which could last a couple days, but is the most bullish phase.
We have seen mark up within the trading range of Phase D and more increased buying on the volume, and the indicators are all above level 50 with the White Energy below all signal lines across all time frames above the 4H.
In Elliot Wave there are a couple different counts that are not included, but align with a bullish outlook, and in traditional trading patterns we are developing a bull flag seen in Phase E with an overall cup and handle for the entire accumulation structure. We have also broke the bear trend line, of which the larger macro structure is another bullish pendent. Look at the order book on the exchange and see the support and demand that is present.
Buy and hold for 90%+ profits, with a TP1 at 0.115 and TP2 at 0.155
For long term campaigners TP1 at 0.155 TP2 at 0.219 and TP3 at 0.275 Minimum TP1 Risk/Reward with SL at.0788 is 1:13, easy risk management with small inside candles in bullish pendent.
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Updated Count After Invalidation
Point of Entry is upon returning to the TR after the Spring
Still Bullish
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Interestingly, ACH was minting new coins into circulation during the Tuesday correction, from 1,830,381,781 circulating supply on 9.20.21 to 3,267,914,211 within 12hours on 9.21.21
The market cap went from $129,688,982 on 9.20.21 to $232,667,458 on 9.21.21
This supported the price around the 0.07 cent level while all other assets were still experiencing lower-lows.
Any thoughts on the strategy behind this, or what the absorption will mean on the time factor for new ATH's please post your comments below. If you would like screen shots of these changes on these dates from coingecko you can send me pm.
In a nutshell, this is my opinion on this shady move made by ACH team to mint new coins into supply increasing the market cap and why ACH price has remained stagnant since it's listing on Coinbase. The capital raised from the new share issuance increases the total market capitalization of the stock, but the value of the stock per share remains unchanged. As new shareholders have paid a fair value for the stock, there is no value redistribution to existing shareholders....
ACH a major breakout is imminent should bounce back to ATH's
jellyfish77
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@believinginsuccess lol, I bet another fakeout to the downside again like this shit coin has been doing for the past month and a half, then suppress the price for weeks and sideways b.s. movement to follow. Same shit different day...
jellyfish77
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@believinginsuccess also ACH only follows Bitcoin when it's in consolidation or downtrend, but when Bitcoin is bullish and in an uptrend, ACH doesn't follow Bitcoin, if anything it moves downward and goes sideways...obvious manipulations..the price suppression is blatant and sickening
believinginsuccess
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@jellyfish77, just ask the universe for what you want and you just might get it!!
Annmancill
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Looks like your invalidated
Clandestine_Xenophile
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@Annmancill,
Not invalidated, although SL was hit. 1H after posting this, BTC dipped the market down. Looks like it'll become a -10% dip, at which point I will re-enter with and reapply a SL.
For ACH this gives a price for re-entry at 0.074, near the bottom of this range.
As said above in the first line, entering Phase E could last a couple days, so this would still be a part of the Backing Up Action / Last Point of Support in Phase D, also commonly seen as a retest of the bear trend line, and the formation of the 'handle' of the cup and handle pattern mentioned. To be invalidated we would need to break below the entire structure, or below 0.071