$ACE — 1W Technical View
From the current chart, ACE has spent a long period in a deep downtrend, followed by a prolonged accumulation/base around the $0.15–$0.20 area. The recent sharp weekly expansion from that base is the first thing that catches my attention.
Bullish structure:
🟢 $0.18–$0.20: key reclaim/support zone.
🟢 A sustained hold above $0.20 would keep the reversal structure alive.
🚀 $0.30 would be the first important momentum confirmation.
🚀 Above $0.50, the chart opens considerably more upside because of the relatively thin historical price structure.
🎯 $0.93–$0.95 is the major resistance/target zone shown on your chart.
If ACE can establish a weekly close above the recent breakout area and then successfully retest it as support, the setup becomes much more convincing:
$0.20 → $0.30 → $0.50 → $0.70 → $0.93
That would be the bullish roadmap.
However, if ACE loses the $0.18–$0.20 region and starts closing weekly candles back below the breakout, the bullish thesis weakens considerably.
From the current chart, ACE has spent a long period in a deep downtrend, followed by a prolonged accumulation/base around the $0.15–$0.20 area. The recent sharp weekly expansion from that base is the first thing that catches my attention.
Bullish structure:
🟢 $0.18–$0.20: key reclaim/support zone.
🟢 A sustained hold above $0.20 would keep the reversal structure alive.
🚀 $0.30 would be the first important momentum confirmation.
🚀 Above $0.50, the chart opens considerably more upside because of the relatively thin historical price structure.
🎯 $0.93–$0.95 is the major resistance/target zone shown on your chart.
If ACE can establish a weekly close above the recent breakout area and then successfully retest it as support, the setup becomes much more convincing:
$0.20 → $0.30 → $0.50 → $0.70 → $0.93
That would be the bullish roadmap.
However, if ACE loses the $0.18–$0.20 region and starts closing weekly candles back below the breakout, the bullish thesis weakens considerably.