After peaking post-launch near $17.95, $ACE entered a multi-month macro downtrend, making lower highs across daily timeframes.
Current Price Action: Price has flattened into a low-volatility accumulation range near its macro bottom zone around $0.06–$0.08.
Key Support Zone: The $0.060–$0.075 region serves as immediate strong horizontal support and absolute historical demand.
Immediate Resistance: Initial resistance sits at $0.12, followed by a major overhead supply zone around $0.25 to $0.30.
Moving Averages: Price trades below the 50-day and 200-day EMAs, signaling persistent bearish momentum until a breakout above the 50 EMA occurs.#TSEPlansReReviewForMajorBusinessChanges #DollarSetForBestDayInTwoWeeks #GoldBreaksOutFromJanuaryDowntrend
Current Price Action: Price has flattened into a low-volatility accumulation range near its macro bottom zone around $0.06–$0.08.
Key Support Zone: The $0.060–$0.075 region serves as immediate strong horizontal support and absolute historical demand.
Immediate Resistance: Initial resistance sits at $0.12, followed by a major overhead supply zone around $0.25 to $0.30.
Moving Averages: Price trades below the 50-day and 200-day EMAs, signaling persistent bearish momentum until a breakout above the 50 EMA occurs.#TSEPlansReReviewForMajorBusinessChanges #DollarSetForBestDayInTwoWeeks #GoldBreaksOutFromJanuaryDowntrend