$ACE is up 19.42% on the week and still down 13.01% on the month, so this is a bounce inside a bigger hole, and I'm still taking the bounce.
yesterday's high at $0.1792 got broken and is now acting as support. that's the level doing the work here, not any indicator.
the indicators just agree. daily RSI is 56, which is warm but not stretched, and the daily MACD histogram is positive. volume over the last 5 days runs 1.31x the 20 days before it. versus BTC it's +8.8 points on 7d. setup score 10 out of 14, which is good, not perfect.
$ACE trades at $0.1831 right now. if it holds $0.1792, I think it walks back up toward the 10-day swing high at $0.2156, about 18.3% away. if it loses $0.1792, I'm wrong on this and there's nothing to defend. anyone long from here gives back the whole breakout, and the last week of gains goes with it.
holding $0.1792 or losing it?
follow me for more calls like this.
yesterday's high at $0.1792 got broken and is now acting as support. that's the level doing the work here, not any indicator.
the indicators just agree. daily RSI is 56, which is warm but not stretched, and the daily MACD histogram is positive. volume over the last 5 days runs 1.31x the 20 days before it. versus BTC it's +8.8 points on 7d. setup score 10 out of 14, which is good, not perfect.
$ACE trades at $0.1831 right now. if it holds $0.1792, I think it walks back up toward the 10-day swing high at $0.2156, about 18.3% away. if it loses $0.1792, I'm wrong on this and there's nothing to defend. anyone long from here gives back the whole breakout, and the last week of gains goes with it.
holding $0.1792 or losing it?
follow me for more calls like this.
