Get started

ANKRUSDT

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
by Babenski
2
ANKR/BTC (Testing Swing Low Support)💎Technical Analysis Summary💎 BINANCE: ANKRBTC -ANKR now touches the swing low support last August 2 -This is where the strong before it happened -Currently, the 200D dynamic support is coinciding at this region -If this area will maintain for the next 5-7 days -And Try to form any reversal pattern like Double bottom -RSI divergence is also a good reversal signal -Please be patient to look for signs of strength -Have a plan and calculate the amount willing to risk `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
by PolarHusk
25
A Potential REVERSAL in ANKR/USDT to the UPSIDEHello everyone, I am an enthusiast of harmonic pattern trading. I have been studying harmonic trading for a few months now. Therefore, I am a total newbie. I believe that I spent enough time in the library and it is time to publish my ideas and get feedback on them. This first idea is about a Bullish BAT pattern that I found in the ANKR/USDT pair in the DAILY chart . Let me briefly tell you why this pattern looks promising to me. 1. Pattern completion is NOT premature. Scott Carney, the guy who is now to be the founder of "harmonic trading", says in his book that time from B to D should be at least at 0.382 of the time from X to B. My experience so far agrees with Scott Carney's suggestions. Patterns I have found with D points before or right at 0.382 of the time from X to B are almost always failed patterns. With that said, you would want the pattern to be ideally symmetric. This pattern, on the other hand, is not symmetric, it is not mandatory. 2. The Potential Reversal Zone (PRZ) is tight. The three values that determine the PRZ, which are 0.886 XA, AB=CD extension, and BC projection, forms a tight PRZ that provides a less risky trading setup. 3. Once the prize enters the PRZ, we get an initial reaction, a "tail candle" BUT! We didn't get a quick upside bounce?! It is right. Although, if you take a look at the BTC .D chart on 4-hour chart, there was another bullish pattern for BTC Dominance. We got out of that just a day or two ago. So, you can't expect altcoins to reverse sharply to the upside in an environment where the BTC is dominating the market. The good thing for ANKR is that it stopped its downward move just below the PRZ and the DEMAND at that level is stronger than the SELL pressure. 4. The RSI is also showing a bullish divergence with the price action. This is also a positive sign of a potential reversal. As Scott Carney says in his book, harmonic pattern trading requires active management and I have a few things to say on that, as well. To me, there are two major trendlines to watch during this reversal. The first one is the green-dashed trendline with a positive slope. We should first break above it and should stay above it. As long as we stay above it, it means that the reversal move is ON. The second is a resistance trendline of previous highs. This trendline is not very far from the 50 MA which increases the importance of that area in the chart. However, if we can break above the red trendline and it becomes support, then the price can go higher. Considering the desire of DXY to move to the upside, I don't know if ANKR can go up till the 0.382 or/and 0.618 Fibonacci levels. To me, it is strongly tied to the move in DXY and the correlation is negative. However, there is still a chance of good profit in this setup. The most likely scenario to me is that ANKR touches the 50 MA which is around 0.010. I hope you enjoyed it. I appreciate your constructive feedback and criticism.
Long
by TableLamp
1
(ANKR-USD) Will Fall be a Summer repeat for ANKR?At the beginning of August ANKR went on a 10-day parabolic run after spring-boarding off it's base trend line (Green Line) and it's local-floor support (first Dashed Line), smashing thru the overhead resistance (first Red Line). Approaching a month later since the end of it's parabolic run and a very similar picture appears. The Base trend-line still intact, with price-action heading back to it's local-floor support there's a good chance that once again this acts as a spring-board that will smash thru the newest overhead resistance trend line (second Red Line).
BITTREX:ANKRUSD
by Bitcoin_Billi