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ANC falling wedge 2Please 1st of all click the boost🚀 button if you want me to post more Anchor Protocol ideas and follow me to support my work! It's absolutely for free. After hitting all my targets from previous ANC idea... ...price formed another falling wedge. Zoom out to see all the lines in their entirety. Just bought right the at confluence of supports (red circle). Anticipating break up from the falling wedge. Targets being market structure resistances @ 0.10217 & 0.10775. Stoploss @ 0.09105. Posting bit late, markets too fast. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ALong
by bizmark
4
ANC falling wedgePlease 1st of all smash the boost🚀 button and follow me to support my work if you like it! It's absolutely for free. Anchor Protocol made full retracement of the recent pump in form of falling wedge and just hit the support zone 0.0893-0.0883. Now price seems to be breaking up. Dips to be bought I guess. Targets being market structure resistances. Price should accelerate once gets above the lime channel upper edge (zoom out). Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
ALong
by bizmark
3
ANC/USD - Anchor at CRITICAL resistance! Break it & it RUNS! 😎ANC's rally seems to NOT have ended. To me, these last two candles on 3-day timeframe show one thing: THE DOWNTREND HAS TURNED INTO SUPPORT. 😱 This is very bullish because that may just take ANC above $4 and much higher... If price moves above $4 on volume, ANC may quickly follow on LUNA's footsteps and challenge the all-time high at $8.5. Not bad. You could also argue this impulse wave to come is wave 5 in a 1-5 wave structure. Lets see how price develops, but the price action is bullish to me. Like and follow if you liked my idea!
ALong
by DU09
4
ANC/USD - Steady WINs the race! $3 inbound! 😍Despite a turbulent market, ANC has performed VERY well... with price continuing to go up at a steady pace. For this reason, ANC should be well on its way to test the $3 resistance which is now not that far away. The 3-day chart is bullish and the indicators are looking good, particularly volume which has EXPLODED. This is extremely bullish, particularly when price moves up. It seems to me Anchor Yield Reserve has enough cash to pay the 20% interest to depositors for another 6 months. So we should be good in the near term. If you are more interested to learn about that, check my Twitter thread on that. This is fundamentally bullish for Anchor/ANC, however, the macro structure is a downtrend. Curious how this will play out. BIAS = Bullish in the short/medium term. Time will tell. Like and follow if you liked my idea!
ALong
by DU09
4
ANC/USD - Approaching the first line of defense @ $2.2! 😲After quite the rally, I see ANC has completed a 5 impulse-wave structure and most likely we can expect a correction in the nearby future. Maybe an ABC. Either way, the first line of defense is found at $2.2 which also coincides with the uptrend trendline. If it holds then ANC stands to test the $3 resistance, but looking at the current market, I have my doubts ANC can push higher in such a market. ANC could very well break below the local support and re-test the key levels just under $2 or even lower. A good run for ANC, but now is time to find support. Bias is bearish in the short term. Stay safe. Like and follow if you liked my idea!
AShort
by DU09
2
ANC/USD - Rally back to $3 on Bullish News!!! 😍Anchor Protocol Yield Reserve will be topped up by Terra with $450 million UST. This guarantees that all UST depositors on Anchor will continue to get their 20% interest for at least another year. For this reason, there is a strong fundamental reason for ANC, the native token of Anchor Protocol, to PUMP. And pump it did, already up over 60% from the most recent low. As you can see on the chart, this news was the fuel it needed to rally. From a strictly technical point of view, ANC can easily rally back to $3 before any significant resistance. What does worry me a bit is the fact that the macro structure is a descending trend with lower highs and lower lows. This means once ANC hits $3, if it doesn't break the key resistance, it will most likely fall back down... Not cool bro, not cool. But it is too early to tell and for now, the bias remains bullish. Indicators and volume also support this case. We can revisit this in March when we will know if ANC can break above $3 and perhaps even leave the downtrend. That may be too bullish if BTC and the overall market remain bearish. We shall find out. Like and follow if you liked my idea!
ALong
by DU09