$ACX .
To determine the next levels, technical analysis can be used based on available data such as the current price trend and trading volume. Based on what is shown in the image, here is a general analysis:
1. Rising levels (resistance):
1.20: This level may be the first psychological resistance, as the price action is close to the current levels.
1.50: A major potential resistance level, especially after the big rally that occurred at 93.65%. If the momentum continues, the price could test it.
2.00: Strong psychological and technical resistance level; often attracts significant attention from traders.
2. Falling levels (support):
1.00: Strong psychological support; if the price declines it may consolidate at this level.
0.85: Old technical support level in case profit taking starts.
0.65: Deeper support, reflecting the price's return to its previous movement area before the rise.
3. Supporting indicators:
High buying volume indicates strong buying momentum, which supports the continuation of the uptrend.
If large selling volumes start to rise compared to buying, it may indicate an imminent reversal or correction.
Recommendation:
Watching resistance at 1.20: If the price breaks this level with high trading volume, it may target 1.50.
Watch for support at 1.00: If the price declines, this may be a good level to confirm the continuation of the trend or enter the market.
Use additional indicators such as RSI or moving averages to improve your decisions.
