Short

Updated

short term bearish CRASH long term moon

INVALID ABOVE 55CENTS for short term bearish
after the collapse of UST , Anchor protocol lost over 3billion dollars!! and as a protocol it went down 95%!!
Do Kwon introduced new token but still silent about Anchor
ANC's owner is silent as well except he said he's wrecked and nuked! and aimless but hoping for sunnier path ahead
there's a chance for it coming back!! as they hold avax,eth,bnb in their reserve as well
Do Kwon ditched UST and now it is just a meme coin
it is very likely anchor will list new token Luna Classic soon! and people will fomo buy it and support Terra! that will make ANC PUMP
somebody bought a LOT of ANC at the bottom!!!
ANC as per technical point of view it is extremely bearish
soon Anchor wallet holders will be addressed and anchor might recover after that!!
80% chance it'll reach the following target in a week or so!!
it is on bearish ABC correction

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bearish if goes below the support
needs to break EMA
short term tp 38,41 cents if doesn't close below support, especially on daily
huge volume on top in a daily timeframe is scary
there are some strong decending resistances
i am still bullish(63%) but not as much as i was on this analysis(80%)

ANC is about to break EMA and resistance 150%+

current zones

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nearest tp 32.59cents

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Doesn’t look good below these resistances

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if we don’t see a bullish divergence this week it won’t pump

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short term tp 38,41 cents as i said
39.5 triggered! 2.2x it is

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it exactly followed my line probability of cut and handle confirmation is 62%

manage your portfolio at the given targets accordingly
if that confirms wont go above 66-69cents

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1min bearish divergence is there

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waiting for the breakout and closure

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new support

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1mi support broken

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32 cents strong support

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if doesnt break the resistance this cup can literally crash like this

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EXLPLODED AFTER BREAKING THE RESISTANCE LEVELS I GAVE YESTERDAY

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if 32cents doesn't break we can seriously reach at least 57cents from here and top of this channel is possibility as well currently at the bottom of the channel

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bearish below support bullish above resistance

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diamond reversal scenario is possible (usually occurs in Elliott waves)
NEEDS TO BREAK RESISTANCE

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if you see a bullish divergence in 1min then bullish
bearish divergence in 1min bearish
only for short term
if you see bearish divergence in 30min IGNORE usually happens in Elliott waves but represents that it is due for correction but correction can happen post huge pump

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keep an eye on the break

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possibly due for cup and handle

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bullish if closes

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don't buy on binance ! warning ⚠️ you ca buy Anc but you can't sell ! I already called the binance team ... they said they have a system problem with anc can't be sold

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crashed but 32cents support should work for now

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the last support

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testing support

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broken if closes

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new support formed below this is death

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28cents is next support

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wont take the trade before breaking the resistance

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above 1min ema
bearish below resistance
wait for break

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bullish divergence is missing in 1min
much needed for good reversal

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testing resistance
if closes above the resistance it'll be a good trade

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golden resistance will decide irs future

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i am not taking the trade too many risks here
but on a macro scale it can reach the target

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as per Elliot wave theory, price can do half of the previous pump that it already did
on binance you cant sell
it can create seller chaos

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32 cents is decent support

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pullback and no sign of bullish divergence

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possible new falling wedge (previous fakeout to this so called pullback)

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golden resistance not looking good in 1min

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my current idea can still work on macro level
currently looks like a falling wedge in 15MIN timeframe
usually happens in cup and handle
wait for it to break in 15min
take the trade with sl
32 cents is decent support
might make rising and falling wedges here in cup and handle
if it goes below 2/3 of the cup invalid trade
if it goes below 1/3 of cup still not enough for 2x
we need less than 1/3 of cup for 2x pump

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usually after 5base curve it goes back to 3rd base with abc correction and half that do half the pump that it did
there's a possibility of new 5base formation

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looks like 28cents ascending support is strong

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as per elliott waves it is still not looking good
5th degree completed

A Comprehensive Guide to Elliott Wave Degrees (Timeframes)

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as per this 25cents is due

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its currently not inside the rising channel
it needs to be inside of it for 57+ target

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ANC and BNB a comparison
extreme bullish case scenario for long position
BNB

ANC

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BNB extreme bullish case scenario is invalid below 20cents

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as per BNB case scenario it shouldn’t break and close below this support

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as per BNB case scenario, this coin is due for at least 1 dollar
for long positions only
nfa
possibility 32%
Fundamentals are important if anchor protocol doesn’t introduce USDT and USDC trade instead of UST As they said they WILL, then they're in big trouble
they're in HUGE debt (1B+)
keep an eye on terra 2.0 fandom
if terra 2.0 comes with huge support then anc will easily reach 1-2dollar mark

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if it reaches 21cents i will personally be opening a long position for sure
its worth the risk only at 21cents
as it was at 7cents 3days ago
they're at 97% loss
but they're the banks of crypto
ANchor protocol is now know as ponzi protocol in crypto world and big news outlets as Luna crash happened DUE TO THEIR 19% API

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still, i will be opening long at 21-22cents as it's just a situation when a bank suffered from a recession, terra still have huge funds to save them and they're part of it

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as per all the deductions, 1-2$ possibility is 32% FOR LONG TERM ONLY

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THIS SHORT ENTRY WAS TRULY BASED ON ELLIOTT WAVES PRICE ACTION ON WRX COIN! (backed by binance)

after 5waves wrx did abc correction as well and now bottoming out!!
it can do 700-1000% if it follows the bullish move just like anc
might take a lot of time bcos its on daily in wrx whereas in anc its in 30min
many altcoins corrected the same way like wrx
personally, i think wrx in base 2 sharp correction and i have huge targets for wrx
this is NFA but i believe whenever eth makes bottom it will be a HUGE opportunity to buy coins that corrected like this personally i truly believe wrx will survive its an exchange coin subsidiary of binance

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i was deeply following this idea bcos this represents the future of coins like wrx using elliott waves

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Comment: but on a macro timeframe I still need to confirm that ANC is still on base 2 like wrx or not, if it is then 1$ is a decent target for anc

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as per my study i am still bullish for long term in anc

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testing the resistance of rising channel

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Comment: commented this on my previous anc post

ANC now

when I doubt zoom the f out!

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needs to cross 33cents for 57cents+target

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TERRA 2.0 LAUNCHED!!
80% down already

can initiate ANC PUMP

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TERRA 2.0 EXACTLY LAUNCHED ON SPECULATED TIME(yo that was unintentional as it was delayed) 80% down so far

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Anchor protocols's TOTAL COLLATERAL VALUE+314.68% in 2hrs!!

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even after the launch of terra 2.0 ANC went down 7%
looks similar to doge chart of daily
ANC

DOGE

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as per doge's chart i believe it can go 20% down in short term

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at least 20% down

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but news and fomo and fundamental changes can nullify waves formation (no one can speculate when elon tweets about doge for minutes of bull rally) so, quite a risky bullish trade i believe
currently not holding any anc
but if goes inside the channel i'll buy some

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highly likely it will follow doge's bearish move before the pump

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even after terra 2.0 +50% pump this hour
i am bearish on anc for at least a day :) !
finally a clear picture in my mind bearish till 22-25cents at least
fomo news etc. terra hype can pump it though

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ABC correction in 5micro 5waves is DONE
bullish divergence in 1min timeframe looks tempting
opening entry with SL
you should look for double bottom to enter though
NFA

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i don't really feel like trading ANC today but 24.5 bullish divergence in 1min was good currently at 25.5cents yet still in this falling wedge

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went down from 32cents just like dogecoin yesterday, next move is doge's future
after all this hatred for terra2.0 i am little bullish here but not opening any position today nfa

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safe opportunity is when it breaks this falling wedge

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extremely bullish if doesn’t break blue support

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doge vs anc
doge made cup and post bull rally in the same Elliott wave like this

it needs to make an ascending triangle at least break resistance and go inside the channel to be bullish

i am not trading anything today so, I cant look meticulously

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it is possible from here to reach moon level if follows doge's path invalid below blue line

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it needs to be in an ASCENDING SUPPORT it won’t matter if bounces from straight support below ascending one
we need ascending triangle squeeze and breakout here in macro timeframe to reach big targets
so its SAFE trade if we put SL below ascending support and trade
and ANCBTC pair support and resistances work really well!

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I DONT REALLY HOLD ANC BUT looks tempting but i won't trade anything this week as i cant be active

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bearish if breaks ascending support
IF BREAKS THEN ABC CORRECTION IN MACRO TIMEFRAME IS POSSIBLE LIKE THIS:

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doge's move: uptrend
gala's move: downtrend
watch out for ascending support all depends on it

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as i said it needs to maintain ascending support for bullishness

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channel to watch out for

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ANC will run with the trend of every other altcoin
ANC's independent rally is over
there are same chances for a 4x rally as most for the altcoins 4x rally
if you believe this is the bottom and altcoins might do 4x from here
this will do as well it is very likely
as post luna it was oversold due to fud
now it almost recovered and currently following the trend of altcoins
same macro structure as most of the other altcoins
i am long term bullish as bottom is near of all the other coins as well
but make sure to buy the things evenly bcos some of the altcoins broke the resistance and will do the same rally in the same timeframe if big daddy supports
ANC is still not overbought though

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MASSIVE move in ANC is near as it is squeezing and doing very low movement

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the collateral value of anchor protocol dropped an additional 99% they're now worth 120k USD from 1B dollar
long way to recover even if terra supports in revival

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as per the current count, it looks like we're at one of the two circled areas (after 5wave pump and abc correction zigzag)

as per this case scenario we can see little pumps upto 32cents but it might eventually break ascending support and drops below 15cents
it is quite possible if btc goes below 27k

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slightly less possible scenario: it got exact same structure as the previous triangle it can go for the final round if breaks the resistance, as per probability this is a highly unlikely scenario, personally i am bearish till 8-14cents then will look for possible entries

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squeezing towards support and loading a major move
bearish 60%
bullish 25%
ZERO 5% possibility of the death of anchor protocol is increased they're worth NOTHING now and in huge debt
and do Kwon left the public twittter community
terra 2.0 revival plan is almost dead
consider this a meme coin
whales can f this coin up
be careful when the support breaks put stop loss with every order
if resistance breaks here, a major move to the upside but it is a little unlikely as usually here they take potential stop losses by breaking major support for a short time and then pump

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if the support break scenario happened it is a major ABC correction and we're at B (about 12cents C)

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BTC is supporting coins right now and coins are pumping lets see btc helps in breaking major resistance

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DEATH CROSS on Daily👀😂 which doesn't even support 22cents from the current 20cents

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i will be buying when breaks daily EMA and breaks with bullish divergence

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chance of 5th wave to near 40cents is high after this correction but correction can be more deeper

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currently this trade is active on btc

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broke support and even touched 14.3cents as speculated

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bought some ANC at 0.115 as it completed inverse CnH and HnS target, although haven't seen any reversal will increase the position when I see the possible bottom

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chances of anchor going to ZERO(below 1cent) is :25%
as per tweets, it looks like they're closed for business
cant trade this now till i hear anything for its survival, for now it is officially DEAD project trade it as MEME COIN
i will sell my ANC at 13cents

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sold at 0.121 i will only trade it when pennant breaks upside

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started showing bullish divergence and is on support, almost completed ending diagonal

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after ending diagonal it looks like a double bottom but if it breaks support then it might fall terribly
safe long trade SL below support

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i am personally bullish here if it doesn't break the support(70% possible) btc also completed the ending diagonal (can go near 19k but for me 19k-24k will be the good bouncing zone)

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as speculated good bouncing zone

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Here’s an update on anc after 107 days of triangle
as updated previously when btc was at 22.3k and speculated bottom near 19k
now we're finally seeing some strength here let's see where it breaks massively and mirror protocol will follow too! Here’s 107days of triangle

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please note that before final wave 5 (47k,70k) btc could first do abc correction from here and we just made B so double bottom 18k with bullish divergence is possible but at this point, my primary scenario is bullish for btc and at least 47k should hit this year even if we make a C wave down and if ancbtc breaks above it can give solid gains against the btc pump

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2.6x target achieved against btc pair!
please check the previous update for context

ishanwalia

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ishanwalia