Achain narxACT

The price is currently trading within a falling wedge pattern and is now establishing a support zone. You might consider adding some $ACT here, as there is potential for a move towards the resistance area. A breakout from the falling wedge could lead to a significant rally. Resistance Area: $0.415-$0.456

The ACT falling wedge update is a bullish signal indicating a potential reversal or continuation of the uptrend. To confirm this, let's break down the key components of a falling wedge pattern: - *Prevailing Trend*: The pattern forms during a downtrend or a consolidation phase in an existing uptrend ¹. - *Converging Trendlines*: Two downward-sloping trendlines connect the local highs and lows, converging toward each other ¹. - *Decreasing Volatility*: Trading volume and price fluctuations decrease as the pattern forms ¹. - *Breakout*: A price breakout above the upper trendline confirms the pattern, indicating a potential bullish reversal or continuation ¹. To trade the ACT

To update you on the falling wedge pattern for ACT, let's dive into the key aspects of this chart pattern. What is a Falling Wedge Pattern? A falling wedge pattern is a bullish reversal pattern that forms during a downtrend, signaling a potential breakout to the upside. It's characterized by two converging downward sloping trendlines, with the support line falling at a slower pace than the resistance line [1). How to Identify a Falling Wedge Pattern? To identify a falling wedge pattern, look for: - *Prevailing Downtrend*: A clear downtrend with lower highs and lower lows. - *Converging Trendlines*: Two downward sloping trendlines that converge, forming a wedge-like shape. - *Decreasing Volatility*: Decreasing trading volume and volatility as the pattern forms. - *Breakout*: A price breakout above the upper trendline, confirming the reversal. Trading the Falling Wedge Pattern To trade the falling wedge pattern: - *Buy Signal*: Enter a long position when the price breaks out above the upper trendline. - *Stop Loss*: Set a stop loss below the lower trendline or at a recent swing low. - *Profit Target*: Set a profit target at a level that's at least twice the distance from the breakout point to the stop loss. Keep in mind that the falling wedge pattern is not a guarantee of a breakout or a reversal. It's essential to combine this pattern with other forms of technical and fundamental analysis to confirm trading decisions ¹.

$ACT is currently trading within a falling wedge pattern and is now establishing a support zone. You might consider adding some $ACT here, as there is potential for a move towards the resistance area. A breakout from the falling wedge could lead to a significant rally.

Fantom (FTM), the high-performance blockchain platform, has recently made headlines by breaking the $1 mark, a significant psychological level for many traders and investors. This surge has sparked optimism in the community, leading many to speculate whether FTM will continue its bullish momentum and reach $1.50 in the near future. Fantom’s rise above the $1 threshold represents a major milestone, as it had struggled to sustain its price at this level for some time. Several factors have contributed to this price increase, including growing adoption of Fantom’s ecosystem, developments in decentralized finance (DeFi), and the broader recovery in the cryptocurrency market. As one of the fastest blockchains in terms of transactions per second, Fantom has gained attention for its scalability, low transaction costs, and decentralized applications (dApps), which have helped fuel its recent surge. The $1 price level has long been considered a crucial resistance point for FTM. Breaking through this barrier signifies strong market confidence and could be the catalyst for further gains. However, the question on many investors' minds is whether Fantom can maintain this momentum and push towards $1.50. Technical analysis suggests that FTM has the potential for further growth, provided it can maintain its current support levels. If FTM successfully consolidates above $1, it may pave the way for a continued bullish trend toward $1.50, with strong resistance expected at this price point. This level could act as a major test for the token, as many traders will likely take profits once FTM reaches $1.50, potentially leading to short-term volatility. However, the bullish outlook for FTM also depends on external factors such as market sentiment, Bitcoin’s performance, and continued development within the Fantom ecosystem. If these factors remain favorable, FTM could continue its upward trajectory. In conclusion, Fantom’s breakthrough of $1 is an exciting development, but the road to $1.50 remains uncertain. While the bullish trend looks promising, investors should stay cautious and monitor the market for potential signs of correction. $FTM