$ACE just made a huge move, but that wick to $0.2156 is the part I’m watching closely 👀 Price pushed sharply higher, then immediately pulled back from the high. The next few 4H candles could tell us whether buyers can continue this move.
On the 4H chart, ACE has built a clear series of higher highs and higher lows from the $0.1470 area. The recent breakout above $0.1738 accelerated the move, taking price to $0.2156.
Now price is around $0.1846, with $0.1888 acting as the first nearby resistance. Above that, the recent high at $0.2156 is the major level.
For support, $0.1738 is important because it was the recent breakout area. Below that, $0.1587 is the next visible support zone.
The long upper wick at $0.2156 shows strong rejection from that level, so a clean break and hold above it would be important for continuation. If price holds $0.1738 and reclaims $0.1888, buyers could attempt another push toward $0.2156. If $0.1738 breaks, the pullback could extend toward $0.1587.
I’m watching $0.1738 and $0.2156 next. Losing $0.1738 would weaken the current 4H structure, while reclaiming $0.1888 would put the recent high back in focus.
Guys, follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
On the 4H chart, ACE has built a clear series of higher highs and higher lows from the $0.1470 area. The recent breakout above $0.1738 accelerated the move, taking price to $0.2156.
Now price is around $0.1846, with $0.1888 acting as the first nearby resistance. Above that, the recent high at $0.2156 is the major level.
For support, $0.1738 is important because it was the recent breakout area. Below that, $0.1587 is the next visible support zone.
The long upper wick at $0.2156 shows strong rejection from that level, so a clean break and hold above it would be important for continuation. If price holds $0.1738 and reclaims $0.1888, buyers could attempt another push toward $0.2156. If $0.1738 breaks, the pullback could extend toward $0.1587.
I’m watching $0.1738 and $0.2156 next. Losing $0.1738 would weaken the current 4H structure, while reclaiming $0.1888 would put the recent high back in focus.
Guys, follow for more chart analysis 😎 I’ll keep showing you exactly what the chart is telling us. 👀🔥
