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ANCIENT8 / USD PERPETUAL SWAP CONTRACT

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A8USDT.P trade ideas

A8USDT: Trendline Breakout with Bullish Confirmation Ancient8A8USDT:Ancient8: Trendline Breakout with Bullish Confirmation 🚀 - **Key Breakout:** Price finally breaks the descending trendline after multiple rejections (red circles). - **Volume Spike:** Confirming buyer strength on the breakout (green circle). - **Parabolic SAR Flip:** Bullish momentum is intact. - **RSI:** At 69.85, showing strong momentum but nearing overbought. - **OBV:** Trending upward, indicating steady accumulation. - **CMF:** Positive, confirming capital inflows. If the price sustains above the breakout area and the 0.236 Fibonacci level, further upside potential is in play. Watch for volume and momentum to hold!
Long
by vagada
A8USDT.P on the 3D chart Breaking Out of Consolidation?Ancient8 - Breaking Out of Consolidation? - **Trendline Breakout**: The chart shows a clear breakout above the descending trendline, signaling a potential bullish shift in momentum. The breakout is accompanied by increased volume, validating the move. 📈 - **Volume Spike**: A significant spike in volume indicates strong buyer interest, which could fuel further upward movement. - **Moving Averages**: The 20-day MA is sloping upwards, providing short-term support. The price is now trading comfortably above it, suggesting that momentum is shifting in favor of buyers. - **Indicators**: - **RSI** at **54.44** suggests neutral territory but trending upward, indicating building momentum. - **MACD** has crossed bullish, with both the signal line and histogram showing positive trends—another confirmation of the bullish breakout. - **OBV** is climbing steadily, reflecting strong accumulation by buyers. - **Key Levels**: - Immediate resistance lies near **$0.108**. A daily close above this level could confirm the breakout and open the path to higher levels. - Support is found at **$0.083**, the breakout point from the trendline, and should hold to maintain the bullish outlook. Conclusion: The breakout above the trendline, coupled with strong volume and bullish indicators, points to a potential shift in momentum for **A8USDT.P**. A sustained close above **$0.108** would confirm this breakout and could attract more buyers. Watch for follow-through in volume and price action to solidify the bullish scenario. 🚀
Long
by vagada
Ancient8 is another rug pull from Vietnamese project? Let see!Devs have deleted all information about their funding rounds from the official website, raising significant doubts about the project's transparency. They hired social media influencers to promote the project and deceive investors, using services to artificially boost likes, comments, and shares. This manipulates public perception, making the project appear more legitimate than it is, potentially leading to significant financial losses for unsuspecting investors. More over, the project has no real users, thus 90% of the airdrop data for users is fake. Evidence shows that recently they have been transferring tokens from those airdrop wallet addresses at TGE to Bybit (0xf89d7b9c864f589bbF53a82105107622B35EaA40) at the same time. Finally, remember that Vietnamese are King of scam in crypto field :))
Short
by Cryptos_Ltc2017
1
A8 how much the team can dump #shortThis project has devs from Asian (+ Vietnamese) where a strong background of scam, fraudulent, money laundering. They can rug pull on you for a penny, so it’s risky to invest in these type of project. One thing that the team did that make me feel bad about their development is they bought fake “like, comments, and repost” on social media (X & coinmarketcap) to write good things for them. Fake marketing is a dirty thing that is a sign of scam. The website that announced their funding round from VCs is not existing anymore, They tricked by creating fake data to attract more people. This is not a financial advice, #dyor
Short
by Cryptos_Ltc2017
4