ANKRBTC trade ideas
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 Forming a Bullish FlagReally important to me Please support my work by like or leave a comment
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Described on chart...
GOOD LUCK AND PATIENCE
ANKRBTC | Price Nearing its resistanceBINANCE:ANKRBTC has conquored all its major EMA's(100D-blue, 200D-red, 300D-yellow). Depending on how the price pays on reaching a resistance plays an important role in going long.
BUY: 0.00000043 - 0.00000047
T1: 0.00000054
T2: 0.00000060
T3: 0.00000065
SL: 0.00000027 (Below the 300D EMA)
Thank you for reading hope you have a great day!!
ANKR Forming Peak and Troughplease support my work by smashing that like button if you think useful
price formed a cup and handle pattern
and now exit the handle channel
if price crosses up 78.6 fibo extension level
we can consider the peak will happen
potential target marked, you can zoom for better see it
but eventually , should make your own plan and determine
stop loss , take profit for your self.
What i always say ,stay patient and trust your analysis
GOOD LUCK