$ACE just reminded everyone how fast a crypto chart can change.
It went from a quiet range to $0.3784 in a violent breakout… and then gave most of it back.
Now ACE is around $0.1466, down more than 45% today.
The interesting part?
Price is sitting almost directly around the EMA50 at $0.1471, while EMA200 is still much lower near $0.1058.
RSI has cooled to 46.9, so the chart isn't deeply oversold yet. MACD, though, is still pointing down and volume is fading after the huge spike.
For me, $0.147 is the line to watch.
Hold it and ACE could try to stabilize.
Lose it decisively, and that $0.105–$0.117 zone suddenly becomes much more important.
After a move like this, I'd rather watch the reaction than guess the bottom.
$ACE $HEMI
It went from a quiet range to $0.3784 in a violent breakout… and then gave most of it back.
Now ACE is around $0.1466, down more than 45% today.
The interesting part?
Price is sitting almost directly around the EMA50 at $0.1471, while EMA200 is still much lower near $0.1058.
RSI has cooled to 46.9, so the chart isn't deeply oversold yet. MACD, though, is still pointing down and volume is fading after the huge spike.
For me, $0.147 is the line to watch.
Hold it and ACE could try to stabilize.
Lose it decisively, and that $0.105–$0.117 zone suddenly becomes much more important.
After a move like this, I'd rather watch the reaction than guess the bottom.
$ACE $HEMI