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RizeSenpai
Dec 31, 2023 7:14 PM

ACHUSD: Bullish Consolidation Above Support Line Long

ACH / TetherUSBinance

Description

Back in October ACHUSDT confirmed a Double Bottom at the PCZ of a Bullish Gartley and has since climbed back above the major Support/Resistance Zone represented by the green horizontal line as well as the 200 SMA and 55EMA and has formed a Channel of Ascending Consolidation.

In addition, it is doing this while trading to the right of a previously Bearish Trend line, so if we can get some true follow through from this action, I would be looking for a 50%, 61.8%, and 0.886% retrace target.
Comments
jluong2
Still like it after the last drop?
jluong2
@jluong2 took out all the lows
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