ANKR/USDT : Breaking the pennant, Possible 300% growth !
Updated
ANKRUSDTHello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
#ANKR is moving in a bullish pennant which is almost reached to the apex of the pennant and it can lead the pair above the pennant after 4 failed breakdown attempt on the lower trendline of pennant.
The height of the flagpole is measured around 2653% which is going to make a target with more than 300% possible profit after breakout confirmation !
Now let's head to our data, We'll check #ANKR's status with Technical indicators and oscillators; classical support and resistance, Fundamental analysis and some Insider info 👇🏼
📚 Support and Resistances :
- 1st support zone is standing right below the pennant located at ( $0.08130 - $0.07420 ).
Support can also can form the fake out for bear trap if the breakdown happens, So we won't take any SHORT till we get a confirmation below this zone.
- 2nd support zone will be the target for bears below the 1st mentioned one; It's located at ( $0.03520 - $0.03177 ).
- There is only a resistance zone before reaching the ATH's resistance, This zone has formed by a 4 candles order block at ( $0.15391 - $0.16762 ).
- The ATH's resistance is standing at $0.19070.
📚 Technical Indicators and Oscillators :
-MACD : Histogram is gaining bullish volume and signal line is breaking above the bearish zone, Also MACD line is standing in bullish zone currently.
-Volatility : There's a bullish crossover on the volatility lines and it's a buy signal for swing traders.
It's better to wait for next daily candle !
-EMA100 and EMA200 : Recently, #ANKR has broke above the EMA100 and now it's supporting the movement and also EMA200 is impacting the movement in macro view as support !
-RSI : RSI is suggesting that bulls have the upper hand, But as it reached the buy limit zone and Bollinger Bands higher in volatility's oscillator; It's better to wait for the breakout above the pennant or a hold at the bottom of pennant or support zone.
-VPVR : #ANKR is breaking above the visible range's pressure zone and after a hold above the POC, It'll confirm the bulls strength and we can enter the pair immediately.
📑 Conclusion :
#ANKR is moving in a bullish pennant, The main target of pennant is $0.29000 and the targets of FIB extension are $0.24660 and $0.36300.
Based on technical indicators and oscillators, Bias is mostly bullish, But we need to wait for a breakout confirmation before any taking position !
🔴 Any breakdown below the support zone, Will cause a drop to the middle of flagpole on daily order block...
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Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Note
1st target has reached, EZ 80% in a hour :)Note
Still active, Closed above the pennant !
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