Technical analysis by usefulLemur10749 about Symbol ACH: Buy recommendation (1/31/2025)

🔹 Current Status:The ACH/USDT pair is in a strong uptrend recently and the price is sticking to the ascending trend line. It is currently trading at 0.04446, indicating a 2.24% retracement.📈 Technical Analysis:Ascending Triangle Formation: There is an ascending triangle structure on the chart. This formation usually results in an upward break.Support and Resistance:Main Support: 0.04300 – 0.04400 zoneMain Resistance: 0.05000 level (significant horizontal resistance)Trend Line: The price is still trading above the ascending trend line, and buyers may step in as it approaches the trend line.📊 RSI Analysis:The RSI indicator is currently at 48.59 and is trading in the neutral zone. There is still room for an increase as it has not yet reached the overbought zone. 🚀 Possible Scenarios: 1️⃣ Positive Scenario: If the price breaks the upper band of the triangle, the 0.05000 resistance can be tested. If this level is broken, a movement towards the 0.06000 and 0.06500 levels may begin. 2️⃣ Negative Scenario: If the support at 0.04300 is broken, the price may decline to 0.03800 levels. 📌 Result and Investor Strategy: The upward trend is maintained and the price is trapped within the triangle. A break of the 0.05000 level may start a new rally. It is important to manage risk using stop-loss. 👉 General Outlook: Positive Looking at the current structure, the potential for ACH to continue its rise seems high. Especially if a volume breakout occurs, a new upward wave may begin.