Technical analysis by lonelySnow54724 about Symbol ACE: Buy recommendation (12/20/2023)
lonelySnow54724
ACE - Patience is a virtue

New and trending token, massive volume. Do not underestimate new launches on binance, especially in a high liquidity environment that crypto is in right now. ACE can creep down a little longer, since it just came out, but a move UP is inevitable in my opinion. Most likely it will be a large candle up at any point in the next couple of weeks.The wedge has broken out, we shall wait patiently. If ACE breaks $13.78, it will most likely take offJust hit the 13.7 level and got REJECTED, Again if this breaks that level we are probably going to see a major run. Until then it is still NeutralAttempting to break 13.7 again. Remember that breaking this area will likely bring a lot of volume and push this much higher into 20-30 dollar range over the next week or two. Patience - we must see the breakout happen first!Large candles hit after the successful breakout of $13.7 level Clear skies aheadACE broke All time high. Keep in mind that a healthy correction down to $15.00 would still be bullish for this to keep flying high. PatienceNow tested $15.00 asking for support. This is a deciding point for ACE, I personally think volume will push this higher into price discovery to 25-30 dollar range. Patience guys