ACH / TetherUSLong
ACHUSDT TECHNICAL ANALYSIS DAILY TIMEFRAME
This technical analysis chart depicts the price action of ACH/TetherUS on a 4-hour timeframe, using data from Binance. The chart shows several key levels, trends, and projected movements:
Breakout Zone (BREAKE):
A significant support level around 0.02362, marked as the breakout zone. If the price sustains above this level, it indicates potential bullish momentum.
Targets:
Target 1: The first target level is around 0.03292. The price is expected to reach this level as an initial goal following a breakout.
Target 2: The second target level is around 0.03835, representing a further potential upside after reaching and possibly consolidating around Target 1.
Stop-Loss:
A stop-loss is set at 0.01956, indicating the level at which the trade should be exited to prevent further losses if the price moves against the expected direction.
Risk/Reward Ratio:
The chart includes a risk/reward ratio of 5.86, suggesting a favorable trade setup with high reward potential compared to the risk taken.
Projected Price Movement:
The price is expected to rise, potentially encountering some resistance around Target 1, then possibly breaking above this level to reach Target 2.
There is an indication of the price moving in an upward trend after confirming the breakout above the 0.02362 level.
Breakout Zone (BREAKE):
A significant support level around 0.02362, marked as the breakout zone. If the price sustains above this level, it indicates potential bullish momentum.
Targets:
Target 1: The first target level is around 0.03292. The price is expected to reach this level as an initial goal following a breakout.
Target 2: The second target level is around 0.03835, representing a further potential upside after reaching and possibly consolidating around Target 1.
Stop-Loss:
A stop-loss is set at 0.01956, indicating the level at which the trade should be exited to prevent further losses if the price moves against the expected direction.
Risk/Reward Ratio:
The chart includes a risk/reward ratio of 5.86, suggesting a favorable trade setup with high reward potential compared to the risk taken.
Projected Price Movement:
The price is expected to rise, potentially encountering some resistance around Target 1, then possibly breaking above this level to reach Target 2.
There is an indication of the price moving in an upward trend after confirming the breakout above the 0.02362 level.
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