FREE ACE/USDT ANALYSIS
Yet another *strong performer* - Yello, ladies and gentlemen !
Since March, after printing the bottom at $0.0212, ACE has been trending up. Up until this point, the price has risen by 118%, which shows that this coin is yet another strong performer in recent months.
The 38.2% Fibs at $0.0475 has been a key supply zone and bears successfully defended this level twice. However, on April 28 ACE broke above this resistance implying the continuation of an uptrend.
Recent price action shows that $0.0475 resistance has become the support and a potential demand zone. As long as the previous LL at $0.0270 is respected, the price should continue to move north. The critical resistance, which is where 88.6% Fibs and the channel crossing, is located at $0.0821. Therefore, this might be a 77% price increase if the trend remains bullish.
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