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🔷️ $ACH continues to maintain its ascending trend on the weekly chart. As long as it does not break the rising trendline marked in blue to the downside, monitoring price movement via Fibonacci levels may be useful. Key Fibonacci-based zones are indicated by yellow lines.
✍️ Positive Indicators:
Strong Trend: The weekly ascending trend remains intact, reinforcing a positive technical outlook.
Momentum: If RSI stays above 50 on the weekly timeframe, it supports bullish momentum continuation.
MACD: The MACD line remaining above the signal line may indicate trend sustained strength.
Volume: Increased volume during the rise can reinforce the strength of the trend.
✍️ Negative Indicators:
Overbought Signals: If the weekly Stochastic Oscillator approaches overbought territory, short-term pullback may be possible.
Trendline Break Risk: A break below the blue ascending trendline may weaken the technical setup.
Volume Support: Insufficient volume may reduce the strength of the upward move.
‼️ This is not investment advice.
#crypto # bitcoin #ethereum # altcoins #ACH