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AKRO

AKRO: A Dance with ResistanceAKRO is currently an intriguing player in the cryptocurrency field. It has been interacting closely with a few key price levels, marking the trend in its market dynamics. This comprehensive study of the AKRO market covers the one-hour time frame and employs various technical analysis tools to dissect the trend. The Fibonacci levels play a vital role in defining potential areas of support and resistance. In the case of AKRO, the first Fibonacci level stands at 0.00529, a potential area of resistance if the market moves up. The half-level at 0.00497 serves as a key threshold which the price could use as a support or resistance, depending on the market direction. The zero level is 0.00465, the critical baseline from which we derive our Fibonacci levels. One interesting point of note is the 1.618 Fibonacci level, located at 0.00569. In Fibonacci analysis, this level often indicates a crucial barrier that could act as local resistance. Breaking this resistance could potentially pave the way for an upward price rally. However, if the price gets rejected at this level, a drop could ensue, with the lower Fibonacci levels serving as potential areas of support. Bollinger bands are an excellent tool for traders to gauge market volatility. For AKRO, the upper band currently stands at 0.00522, indicating a potential price peak or resistance. The middle band, which is essentially a moving average, is at 0.00494 and represents a critical price point that the asset could oscillate around. The lower band marks 0.00467, which could serve as potential support or a rebound level during a downward price move. The Relative Strength Index (RSI), a momentum oscillator, measures the speed and change of price movements. It fluctuates between zero and 100, and a reading above 70 typically indicates that the market may be overbought, while a reading below 30 suggests that the market may be oversold. At the moment, the RSI for AKRO stands at 64, meaning the market is leaning towards the overbought zone. This could suggest a potential price pullback, but it's not a standalone indicator for predicting market direction. The volume oscillator is at 19%, showing there is a reasonable amount of trading activity in the AKRO market. The stochastic reading is at 75, another momentum indicator, which suggests that the market is approaching overbought conditions, although the final confirmation will require other indicators or price action patterns to align with this reading. The On-Balance Volume (OBV), sitting at 31 billion, is a technical indicator that relates volume to price change. This high OBV suggests that there is considerable interest in AKRO, which could provide the fuel for a further upward move or signal an imminent price correction if it starts to diverge from the price action. The MACD indicator, designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price, is currently at 0.00007. This positive MACD value suggests that the bulls are in control, but traders should keep an eye on this indicator for potential bearish or bullish crossovers that could indicate a change in the trend. Examining the price action, it's noticeable that the AKRO market has been knocking on the 0.00535 resistance level quite a few times - on June 4th, 5th, 8th, 10th, 13th, 14th, and now, June 15th. This persistence at testing the resistance level could either result in a breakthrough, pushing the price higher, or create a stronger barrier, sending the price for a deeper correction. It's also worth mentioning the Exponential Moving Average (EMA) with a length of 50, which stands at 0.00496. EMAs give more weight to recent prices and react more significantly to price changes, making them a valuable tool for trend analysis. In conclusion, while the market for AKRO seems to be poised for a potential breakout, traders should tread with caution. The multitude of resistance levels above and the overbought readings on various indicators may lead to a pullback. On the flip side, if the market momentum stays strong, and the resistance levels are decisively broken, we could see a robust upward move. As always, it's important to align the technical analysis with prudent risk management strategies. Happy trading!
by ShawnMCR
1
AKRO: The Rollercoaster Ride of Support & Resistance.In our analysis of the AKRO coin, we will explore the key price levels, taking into account a myriad of technical indicators to provide a comprehensive understanding of the asset's current position and potential future movements. By blending various indicators into a coherent narrative, we can glean deeper insights into the market dynamics at play. The AKRO coin currently trades at $0.00523, and over the past 24 hours, it has witnessed a 9% increase in value. While this may initially spark optimism among traders, it's important to consider the coin's relative strength index (RSI) of 49, which indicates a neutral market sentiment. As we dive deeper into the chart, we find that the 1-hour timeframe 0 Fibonacci retracement level at $0.00501 acts as a solid support, reinforced by the lower Bollinger band situated at the same price. This confluence of indicators suggests a strong level of buying interest at this key price. The hourly EMA 50 at $0.00517 provides additional support, further bolstering the case for a potential bounce. On the other hand, the 1-hour timeframe 0.5 Fibonacci retracement level at $0.00538, coupled with the middle Bollinger band at $0.00539, presents a local resistance. If AKRO manages to breach this barrier, the next significant resistance can be found at the 1-hour timeframe 1 Fibonacci level of $0.00575, which also happens to be in close proximity to the 24-hour high at $0.00574. This region represents a crucial price zone that needs to be overcome for a sustained bullish momentum. The volume oscillator's current reading at -35% hints at a decrease in trading volume, which could either imply an impending trend reversal or simply a consolidation phase before the next move. The MACD at 0.00003 and the stochastic oscillators at 36.36 also convey a neutral stance, leaving the market's next direction somewhat ambiguous. Lastly, the on-balance volume (OBV) at 28 B is a vital factor to consider, as it measures the cumulative buying and selling pressure. A rising OBV would indicate increased buying pressure, potentially signaling an imminent bullish breakout. In conclusion, the key prices to watch for AKRO are the solid support at $0.00501 and local resistance at $0.00538. A break above the resistance could lead the price towards the next significant resistance at $0.00575, while a break below the support may result in a further decline. With the current mix of indicators portraying a neutral market sentiment, traders should keep a keen eye on these crucial levels and act accordingly as market conditions evolve.
by ShawnMCR
12
✴️ Akropolis Challenges Resistance, Bullish Dominance (575%+)This is the last one so that you can rest easy, Cryptocurrency/Bitcoin/The Altcoins are set to continue with their upward trajectory. This is the log scale chart for AKROUSDT Weekly: - Notice the trading volume. Green easy to spot and plenty, red non existent. Now let's have a look at the MACD: - Notice it hit an All-Time Low in March 2022 and it has been growing since. - Notice that it is trending up, gaining speed, with the histogram green. - Notice all the room that is left available for additional growth. While the RSI is trading above all resistance and hit its highest level since April 2021: Many bullish signals can be found all across if one looks hard enough... I am mapping 576% in the mid-term, long-term there can be more. This is not financial advice. Remember to build a plan before trading, if so you wish. You are an adult and you can do whatever you want. Thank you for reading. You can rest easy... Thanks a lot for your support. Namaste.
Long
by AlanSantana
2
$AKRO/#USDT [#Akropolis]: ResistanceBreakout+ConfirmationWe've detected a Resistance Breakout and Confirmation on the $AKRO/$USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level. - Technical Metrics: -- Current price: 0.00377 -- 24H Volume: 883,127.8111 USDT -- 24H Price change: 7.714% - Pivot Points - Levels: -- Resistance: 0.00416 | 0.00453 | 0.0053 -- Support:0.00339 | 0.00299 | 0.00222 -- Oscillators: NEUTRAL -- Moving Averages: STRONG_BUY
by Crypto2AF
AKRO Under PressureThe price has already broken past horizontal support ($0.02) and is flirting with the diagonal support (26 Nov to present). Another sudden move by BTC in the wrong direction and AKRO will break diagonal support. Added to this is the fact that AKRO's higher high, higher low trend was recently broken at the beginning of Dec 2021. And the price went even lower on 15 Dec 2021. However, there is bullish divergence on the MACD. But even if AKRO turns around, there is much resistance to break past--thick black lines and pale blue rectangle.
by bjames123
Akropolis AKROUST price with growth starts "the Altseason" ?As we wrote earlier in our BTCUSDT idea: It is very likely that as long as the BTC price moves in a fractal pattern and consolidates for another month, altcoins may start "shooting". Here is the first candidate that caught our eye today - AKROUSDT Nothing special, just x4 growth in a 30min) If the price is held above $0.003, can try to take a long for a small amount of the trade deposit, because the potential for the continuation of the pump is there. To the liquidity zone $0.0125-0.0145 Write in the comments which altcoin you think will "shoot next". And we will make several analyzes of altcoins during this week, which you will write about in the comments. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
32
AKRO dump before pumpBINANCE:AKROUSDT This should be dump before massive rally? Lets take a look ✅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. Thank you. Possible Targets and explanation idea ➡️Analysis of local picture. In May dropped under fundamental price. ➡️ Usually after that we come back to test "Buy level" on Take profit indicator 0.0027 level now (line is dynamic) ➡️0.38 and 0.5 level fib now middle term sellers zone and most volume tradable level ➡️Waiting strong signal to buy on Crypto4light "Direction" indicator for confirmation. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
2
Possible 100% ? AKRO/USDT #AKRO #AKROUSDT Here we see our Akro/usdt 1 day chart . Look at the MACD ! It's pointed up beautifully and does appear like it will cross up through that green area where the green arrow is . If that happens I think this could possibly do a 100% up - probably to 0.010 or 0.011 which would bring you right under the 3 day Ichimoku and the 3 day 99 MA line ( though this is the 1 day chart I'm showing . ) Please keep in mind that the market is EXTREMELY volatile right now . The Fed is having their important FOMC meeting next week - and if it's bad news that's announced it could dump the market . Also the DXY dollar index is still Bullish and that could hurt Crypto markets . Also the market is still in a Bear market in general and can be dumpy out of nowhere. Although that hasn't stopped certain coins from running such as Chz/usdt . Also , another TA guy I like a lot called Payne Residence doesn't like that this chart is so 'wicky' . So it's definitely risky but just looking at the chart alone it does look Bullish with a candle almost closing above that light blue 50MA line and possibly also breaking up from the Bollinger Squeeze ....but be aware of these other market conditions . Thank you.
by shimmeringpath
6
AKRO/USDTin the previous educational post, I posted about Rising Wedge patterns and in this post, I have explained Falling Wedge Patterns. ( Falling Wedge is the opposite of Rising Wedge pattern; for every chart pattern there are opposite patterns excluding some.) Falling Wedges are Bullish Patterns and it generates a bullish signal, Falling wedge patterns forms with Lower highs and lower lows. The Falling Wedge pattern forms in two shapes same as the Rising Wedge; If the Falling wedge pattern forms in an uptrend it will make a continuation and if the Falling wedge pattern forms in a downtrend it will make a reversal. The Lower highs and the lower lows along make a trend resistance and trend support. When a breakout occurs upside, the price breaks the trend resistance line. In a Falling wedge, a breakout occurs upside 60 to 70% of the time. To confirm a true breakout, we can take the help of Volume and other indicators. A true breakout will have a more significant volume than usual.
Long
by majidalisabir
8