📊 Analysis of $ACH on the daily timeframe
Hey guys, $ACH is at $0.00445, down -2.20%, and it’s still in a long-term bearish trend from the $0.00678 peak 👀
✅ Positive news: Alchemy Pay’s investment in Hong Kong has received approval from the Securities and Futures Commission (SFC) — an important regulatory step that strengthens the project’s legitimacy in Asia.
Indicators:
The price is below all moving averages by a wide margin, and the MACD is barely negative at -0.00003 (close to turning positive). The RSI(6) at 15.5 indicates extremely oversold conditions — a strong potential technical rebound 🧠
Proposed entry: $0.00429 — $0.00445 (cautious entry only)
🎯 Target 1: $0.00486
🎯 Target 2: $0.00555
🎯 Target 3: $0.00678
🔴 Stop loss: below $0.00416
About the coin 💳
Alchemy Pay, or $ACH , is a payment gateway that connects traditional currencies with cryptocurrencies, making it easier for merchants and users to accept and exchange digital currencies worldwide. The latest regulatory approval in Hong Kong is an important step for expanding the project in Asia.
⚠️ RSI is extremely low and the regulatory news is positive, but the big trend is still strongly bearish — trade responsibly and always stick to the stop-loss. 🛡️
#ACH #AlchemyPay
Hey guys, $ACH is at $0.00445, down -2.20%, and it’s still in a long-term bearish trend from the $0.00678 peak 👀
✅ Positive news: Alchemy Pay’s investment in Hong Kong has received approval from the Securities and Futures Commission (SFC) — an important regulatory step that strengthens the project’s legitimacy in Asia.
Indicators:
The price is below all moving averages by a wide margin, and the MACD is barely negative at -0.00003 (close to turning positive). The RSI(6) at 15.5 indicates extremely oversold conditions — a strong potential technical rebound 🧠
Proposed entry: $0.00429 — $0.00445 (cautious entry only)
🎯 Target 1: $0.00486
🎯 Target 2: $0.00555
🎯 Target 3: $0.00678
🔴 Stop loss: below $0.00416
About the coin 💳
Alchemy Pay, or $ACH , is a payment gateway that connects traditional currencies with cryptocurrencies, making it easier for merchants and users to accept and exchange digital currencies worldwide. The latest regulatory approval in Hong Kong is an important step for expanding the project in Asia.
⚠️ RSI is extremely low and the regulatory news is positive, but the big trend is still strongly bearish — trade responsibly and always stick to the stop-loss. 🛡️
#ACH #AlchemyPay