ACHBTC ahead of 440% rise.

31 paź 2021

ACHBTC ahead of 440% rise. Alchemy Pay/Bitcoin is one of the hottest topics on social media. Those who follow the movement of penny stock stocks will discover many regularities in this crypto pair. This crypto pair moves with momentum, making extreme momentum moves, followed by longer corrections. Many penny stocks make similar moves, so it is useful to take some of the experience to Alchemy Payelement. Let's look at the chart. ATR axis (purple line) The ATR axis is nothing more than the rate of change of the ATR movement behind the crypto pair. If you look for an analogy, it is like the accelerator pedal in a car. You give a command to accelerate the car. But the resulting acceleration depends not only on the amount of pedal depression, but also on the road conditions, the terrain, the weight....stb. But let's go back to the ACHBTC diagram. It can be seen that the corrective wave movement has ended at the purple ATR axis and from this level another upward wave may develop. We ask the question, how long could it last, where is the target price. The answer to this is given by the two white squares. Because of a technical rule related to the 2RR money managent, we can assume that the previous corrective wave, whose amplitude I have marked 1X, will have a sequence size of 2X for the next rising wave. That is, twice the amplitude of the previous correction. Thus we get an additional 440% rise from the current level. In conclusion, it is advisable to look for LONG positions in the further uptrend.