ACE/USDT Breakout Ascending Triangle. Bullish Momentum for ACE!

💎 ACE has recently displayed significant market dynamics, breaking out of an ascending triangle pattern, which is typically considered bullish. This breakout suggests the potential for the price to continue its upward movement, probability of reaching our target area.

💎 However, if ACE fails to bounce during the retesting phase at the support level, which was previously a resistance, it could signal weakness in the bullish trend.

💎 A breakdown from this level would be a bearish sign, indicating a potential reversal to the downside. In such a scenario, the price may decline further, potentially finding support at the trendline or the demand area.

💎 The demand area is a critical level, as a bounce from this zone is necessary to sustain the upward momentum. If ACE fails to bounce from this area and breaks below it, it suggests a significant shift in market sentiment towards bearishness.

💎 This could lead to further downward movement, potentially breaching the trendline support and continuing the downtrend.