ANKR is one of my favorite ALTS fundamentally, and one of my profitable Alts I traded since 2020.
As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now?
1) ANKR is below the Ichimmoku Cloud => no strength to the upside.
2) ANKR Ichimmoku Conversion Line is below the Base Line =>no strength to the upside.
3) ANKR is still battling the 8W SMA => no strength to the upside.
4) ANKR RSI is still flat and below 60 => no strength to the upside.
I remain bullish for the whole market, I remain bullish for ANKR... but till the indicators above show some strength, ANKR will continue to go sideways.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
As Bitcoin went on a mission setting a new ATH after testing the 20W SMA at 40k back is Sep, most Alts bled in their BTC pairs without any realized profit in their USDT pairs. But where are we now?
1) ANKR is below the Ichimmoku Cloud => no strength to the upside.
2) ANKR Ichimmoku Conversion Line is below the Base Line =>no strength to the upside.
3) ANKR is still battling the 8W SMA => no strength to the upside.
4) ANKR RSI is still flat and below 60 => no strength to the upside.
I remain bullish for the whole market, I remain bullish for ANKR... but till the indicators above show some strength, ANKR will continue to go sideways.
If you are a HODLer, there is no harm in accumulating. If you are a leveraged trader, you are better off going long after BTC's pullback.
Note
ANKR is at a major support level here today… I just increased 500% my ANKR holdings this morning.
Unless you figure a way to make money while you sleep, you’ll work till you die.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unless you figure a way to make money while you sleep, you’ll work till you die.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.