ANKRUSD trade ideas
ANKR Long Term ViewANKR gave 1st signal of coming out from consolidation by breaking a potential flag and the 10ct area, becoming now a weekly support.
The confirmation would be given by a break of the 20ct area in Weekly. As long as this prices hold the bullish move we could see a retest of 13ct area on short term.
Any pullback in this direction should be seen as a buy opportunity, if 20ct is broken in Weekly then we could buy this level on pullback and look for price discovery move.
If we look at the last consolidation broken earlier this year and the target based on Fibonacci, the current targets would be 30ct / 40ct / 55ct and top at 1.50$.
Which given the current price, would provide some good rewards for the patient investors.
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.10 a share great long term hold and chance of you making loads
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Ankr 1D Chart - Upcoming PossibilitiesHello friends, today I am reviewing the 1D chart for Ankr (ANKR), a crypto altcoin on a linear scale.
In the chart I noted:
1) The price has been bouncing off of a long term upward trendline since June 2021.
2) The price started moving up another smaller trendline since October 2021.
3) The price has the potential to re-test the Fibonacci golden pocket zone (0.618-0.65), which would be a 10% move upwards.
4) There is also significant resistance at the 0.786 fib level which was there in March to May 2021 timeframe. The price was not able to break out of this area and it broke down from that point into consolidation.
5) If the price does not break the top side resistance trendline, we can see the price go back down to the bottom support trendline which would be a 30%+ move downwards.
6) The RSI (relative strength index) is at a resistance trendline and possible to breakout of it, otherwise it will fall back down to the lower support trendline.
7) The volume seems to have picked up over the past few weeks.
8) The Ichimoku Cloud is showing a green support zone which may be a good sign for Ankr but BTC price movement make dictate where Ankr price moves in the short term.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
ANKR to see a 20x to 50x...ANKR looks primed to rise; during the last symmetrical triangle we landed halfway between the 1.618 and 2 fib level, which, for our current symmetrical triangle, indicates a 20x to 50x for price. ANKR also began to rise around the 1.272 to 1.414 range on the fib channel last triangle, which is were the current triangle sits. Let's see where this goes...
#ANKR 4HR Chart - DCB Possible?Ankr just had a nice run up but it looks like a Dead Cat Bounce (DCB) may be at play comparing it to the last pump. Remember the 786 fib line with a DCB.
What are your thoughts? Comment below and hit the like please. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
ANKR Breakout and 1st target reachedANKR stayed above 8ct as stated in previous idea this area was opportunity to buy.
Today buyers area rewarded with a big move this morning completing the 1st target area. Now i see 2 plans :
1 : Prices goes crazy and break 20ct, in this case i would see 25ct and 32ct area as 1st resistance.
2 : Prices confirm the breakout on closure today i would then look on pullback into the previous resistance bellow 13ct.
For now in my opinion it is too late to go long as prices will be very volatile today, i would wait for a break of 20ct and try to catch a pullback or wait for a return below 13ct.
Let's see how it will plays out, i hope someone got this move and enjoy some nice profit.
A Bullish Case - ANKRA bullish case for ANKR & crypto markets.
In the recent week, it was noticed that the public had turned a bit to bearish on the crypto markets in a small amount of time. The public’s emotion was majority bearish, basically stating “Time to pack it up, it’s over. I’ll wait for capitulation to buy back in” type of comments. Shorts were demonstrating complacency type of behavior, with some ego as well. Price action has been reminding me of August/September 2020. With more participants joining in the fun, price structures tend to expand….allowing the maker to handle the business of supply/demand/inventory. If you remember at the top the public was waiting for the euphoria wick…..it never appeared on BTC /USD. Will the public get their capitulation to buy back in? Time will tell.
I wouldn’t go as far to say crypto is out of woods….just follow price action and make a plan. Cheers!
Disclosure: I am long ANKR (spot) currently.