$ACE bounced off a months-long downtrend, but it's still under the bigger trend line.
Down from 0.379 to 0.1655 over time, up +10.37% today though — this is a relief bounce.
📊 RSI(6): 78.75 — overbought on the 4h
📊 MA7/MA25 curling up together, short term flip
📍 MA99 (0.1709) still above price — bigger trend still bearish
Setup:
🟢 reclaims 0.1709 (MA99) → trend shift, room toward 0.20
🔴 rejects here → just a bounce in a downtrend, back toward 0.1437 lows
Overbought RSI in a downtrend usually means fade the bounce, not chase it. Wait for the MA99 reclaim to confirm.
NFA 📊
#Write2Earn #ACE #Crypto #Altcoins #TA $ZEC $BR
Down from 0.379 to 0.1655 over time, up +10.37% today though — this is a relief bounce.
📊 RSI(6): 78.75 — overbought on the 4h
📊 MA7/MA25 curling up together, short term flip
📍 MA99 (0.1709) still above price — bigger trend still bearish
Setup:
🟢 reclaims 0.1709 (MA99) → trend shift, room toward 0.20
🔴 rejects here → just a bounce in a downtrend, back toward 0.1437 lows
Overbought RSI in a downtrend usually means fade the bounce, not chase it. Wait for the MA99 reclaim to confirm.
NFA 📊
#Write2Earn #ACE #Crypto #Altcoins #TA $ZEC $BR