ANKRUSD trade ideas
ANKR: Time to ShineANKR has strong support at the .236 fib level ($.14). If ANKR is able to hold above the .382 fib level ($.15 - $.16) then I believe it will head up to its previous ATH of around $.21.
Once previous ATH is broken, ANKR enters price discovery mode. Next major target above that would be the 1.618 fib level ($.28).
This is not financial advice. These are just my ideas and opinions.
ANKR getting ready to bounce back!ANKR has lost momentum for the past few days and has now entered a symmetrical triangle pattern which most likely indicates that a major breakout is on the rise. Its market cap is still above 1B at the time of this post so revisiting the $0.21 price range in the next few days seems doable.
My first post and idea here.Maintaining Fib levels after reaching what I believe to be an inflection point.
MACD on the 4 hour crossing to what seems to be a bullish cycle, possibly converging on the daily.
Fundamental Analysis:
ANKR is a cloud computing provider that specifically focuses on hosting blockchain nodes, essentially allowing the layman to begin running an ETH Validator node for a minimal 2 ETH as an insurance deposit. I can see this becoming a gateway to what I would consider the AWS/GCP/AZURE of blockchains.
As a developer, I plan on using ANKR services and look forward to seeing more improvements to come.
Thanks for checking out my idea, if you have any thoughts, I'd love to discuss this service and token further below.
I would love to hear others thoughts and opinions, I personally think the fundamentals of ANKR are airtight.