ACHR is approaching a key confluence area that could define the next major move.
Price is now testing a strong support zone, where the lower bound of the rising wedge meets the demand zone in green.
This type of intersection usually acts as a decision point.
As long as this zone holds, the bias remains bullish, and we will be looking for long opportunities.
However, for the bulls to truly take control and confirm the reversal, a break above the falling red channel is needed.
That would signal a shift in momentum and open the door for a stronger upside move.
Until then, this remains a reaction zone.
Will buyers defend it again, or do we break lower this time?
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is now testing a strong support zone, where the lower bound of the rising wedge meets the demand zone in green.
This type of intersection usually acts as a decision point.
As long as this zone holds, the bias remains bullish, and we will be looking for long opportunities.
However, for the bulls to truly take control and confirm the reversal, a break above the falling red channel is needed.
That would signal a shift in momentum and open the door for a stronger upside move.
Until then, this remains a reaction zone.
Will buyers defend it again, or do we break lower this time?
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
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Trusted CFD Broker
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Trusted Crypto Prop Firm
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.