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Technical analysis by Zorroreny about Symbol ACA: Buy recommendation (4/24/2025)

https://sahmeto.com/message/3446172
Zorroreny
Zorroreny
Rank: 324
3.2
Buy،Technical،Zorroreny

ACA bounced from bottom and corrected back to form what it seems expanded flat correction where we have one more impulse up. If this is expanded flat correction then we will get 5 wave impulse to fibb 0.5 range (wick above previous pivot).On other side pattern is also similar to what XRP did (with exception that XRP did higher low in correction) so we can also develope full impulse leading to new ATH - how to recognise it? 1st step is breakout of local channel, test of breakout and then strong push past fibb 0.5 (yellow box) which would negate expanded flat correction scenario and make this a full power impulse with first TP points being at ATH range and at fibb 1.272 extension.

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Signal Type: Buy
Time Frame:
1 week
Profit Target:
$0.045
Stop Loss Price
$0.03
Price at Publish Time:
$0.033012
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