Ankrbtclong
Ankr/btc legit break out ?Ankr reached its strong weekly support around
44-46 sat
Today with eth news ..strong pump and potential breakout happened on 4 h frames
Is this pump legit ?
If the price can hold above the trend next few 4h candels we can see next targets easy in chart (orange lines)
Market in high volatility now because US election so take care and do proper stoploss if want to buy
ANKR/BTC.. can the bulls save the bullish pattern ?Ankr/btc is currently in ascending channel pattern
Which is bullish forming it since 40 days
The lower trendline of channel should make the price bounce and the bulls will try to protect this area
But if failed by daily close candel below it this is bad to ankr and may lead to return to key support again 43-46 sat
On the other side if the bulls successed to make the price continue in the channel we can see nice impulse jump to 86 sat again or higher
Before any desision buy/sell we should keep watch carefully on lower trendline of channel if the bulls can save it or not
ANKR/BTC (Potential Bullish Pattern?)ANKR/BTC
-The short term trend is down
-The price is making a series of lower highs & lows
-But this pattern is Bullish on the technical side
-ANKR bounce off at 100ma support and 0.5 Fib level
-This is a sign of strength which could lead to a potential breakout
-Conservative traders will wait for the confirmation break
-While aggressive traders will enter on support retest
-It all depends on your risk appetite on the market
-My only advice is to use a proper stop loss area
-And always follow your trading plan
ANKR/BTC (Key Support 41 sat?)ANKR/BTC
-This coin has dropped over -40% from the High at 85 sat area
-During the Bitcoin breakout, most Altcoins decreased more than -30% its value
-Looking at this coin, The next Key levels to watch are the 41 sat range
-Because this is a confluence of previous resistance and support
-The probability of a strong bounce reaction in this area is High
-Also, 40 sat is a whole number and a good psychological support
-Keep an eye of this asset and enable your Alerts
ANKR/BTC (Holding Critical Support)ANKR/BTC
-still holding key support at 19-17s
-the pattern is forming a descending triangle
-20ma and 50ma acting as a dynamic resistance
-if you are going to enter a long position
-have stoploss below the previous wick at 16s
-the technical side is still bearish
-must break above 50ma to confirm bullish presents
ANKRBTC has hit the channels support | Upto 73% profit potentialThe priceline of Ankr / Bitcoin Cryptocurrency is moving within a parallel channel.
Now the price action has hit the support of channel.
The RSI is already in oversold zone.
Volume profile is showing weak interest of traders below the channel's support.
A double bottom formation is expected.
From here the price action will take bullish divergence soon insha Allah to hit the sell targets.
I have defined the sell targets using fibonacci sequence and those targets are as below:
Sell between: 0.00000088 to 0.00000113
Regards,
Atif Akbar (moon333)