ACA/USDT bullish or bearish? 👀 🚀 ACA today analysis

4 באוק׳ 2023

💎 Paradisers, turn your focus to #ACAUSDT! We've spotted it comfortably trading within a demand zone, hinting at potential future moves.

💎 A retrospective glance shows that # AcalaToken recently broke its trend line, charting an upward path. However, its rejection at the supply zone and the formation of an equal high suggest a potential downward shift.

💎 Currently nestled in the demand zone, if #ACA sustains its momentum, we could see a powerful surge towards the overhead resistance. On the flip side, should it breach this demand zone, it might find support and initiate a bullish continuation from the ascending trendline.

💎 An essential factor to keep in mind is the ascending trendline that's been playing the role of support. If ACAUSDT breaks below this trendline, we could witness a descent to approximately 0.0460.

💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!