ACH BTC Alchemy Pay Technical Analysis

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By Frans van Elst

Alchemy Pay logo In this Alchemy Pay technical analysis, we will examine the current price action, trading volume, key levels and indicators for ACH-BTC. Alchemy Pay is a decentralized payment platform that utilizes blockchain technology to facilitate secure and transparent transactions. With ACH, users can make payments without the need for intermediaries, such as banks or payment processors, allowing for faster and more cost-effective transactions. Additionally, Alchemy Pay’s innovative use of smart contracts enables the creation of customizable payment solutions for businesses and individuals alike.

Alchemy Pay Price Overview:

As of May 12, 2024, Alchemy Pay is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for ACH-BTC:

Assess Alchemy Pay’s (ACHBTC) risks at 4.20e-07 BTC with bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 1,796,001.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): Alchemy Pay reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for ACH-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, Alchemy Pay is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) 0.00%
3D Change (%) -6.67%
7D Change (%) -10.64%
30D Change (%) 2.44%
90D Change (%) 7.69%
YTD Change (%) -17.65%

Over the past three days, ACHBTC has decreased by approximately -6.67%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -10.64%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ACHBTC maintaining an upward trend of approximately 2.44%, despite intermittent fluctuations. Examining the last 90 days, ACHBTC has witnessed substantial increase of approximately 7.69%, reflecting strong long-term confidence. Year-to-date, ACHBTC has steadily depreciated by around -17.65%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Alchemy Pay Live Chart:

You can access a live price chart for ACH-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.51162.
  • Momentum score is -0.22222.

ACH BTC Technical Analysis

Alchemy Pay Trading Volume:

The trading volume for Alchemy Pay (ACH) over the past 24 hours has been significant, with approximately 1,796,001.00 BTC traded against ACH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ACH is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Alchemy Pay is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ACH-BTC is currently in the low zone, around 43.32974. This suggests that Alchemy Pay is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Alchemy Pay (ACH-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Assess Alchemy Pay’s (ACHBTC) risks at 4.20e-07 BTC with bearish technical analysis, highlighting weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on ACH USDT Alchemy Pay Technical Analysis; it’s a natural follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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