Structure support by daily ma200
respected daily ma20/ma50 before breakout
strong and significant volume.
price pullback after breakout
but still respected ma20/50
new higher low
MA 200+MA 50+MA 20 has align all together give signal the price is ready for bullish. EW count include in this analysis including sub wave count. Two possible EP stated in this ACME TA.
Referring to the EPRAF indicator, ACME has just started a new uptrend phase with the green line crossing the red line. Good MACD and Stochastic level above 50, ACME will fly today.
Study...based upon Volume Price Spread Analysis and Momentum
ACME has shown Breakout after in a long while.
Close: 0.30
EP: 0.32<
SL: 0.265/0.225
TP: 0.37/0.45 /0.51
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision
ACME is very nice @ support level/demand zone. POssible complete the SR Flip setup and go up further to test decision point @ supply zone (0.660) in the near term.
TAYOR!
MYX:ACME
SWING: 2 DAYS TO 2 WEEKS
Breakout Downtrend Line
52 Weeks High Line
Fibbonaci Retracement
Candlestick Support & Resistant Zone
Trendline Support & Resistant
![ACME: ACME [12 November 2020] Buy On Resistant Zone Break Out](https://s3.tradingview.com/z/z1k8VQ3W_mid.png "ACME [12 November 2020] Buy On Resistant Zone Break Out")
