$ACH is attempting to reverse off August 6th support line

Whether it's the news that Germany can now trade $ACH or simple charting. $ACH is currently bouncing off of it's previous August 6th resistance line of $.06XX. As of writing this idea, it has trying hard to break through the first two barriers ($.0735 and $.0800) of a 7 day Fibonacci retracement, and is fighting it's way up past sellers trying to reclaim their losses. Recent trends over the past week suggest that this won't surpass more than a $.0300 gain which puts it at $.0935 so if it breaches both the 3rd and 4th barriers ($.0850 and $.0900) of the Fib then you might want to think about where you can take profit or cut previous losses to a smaller number.

It still is not fundamentally clear where this coin is headed until more concrete news and/or other market listings (wink wink Binance) occur.