ANKRUSDT trade ideas
ANKR +60%Hope everyone survived this ugly dump last weeks, and the market will recover soon hopefully. ANKR broke up this triangle 📐 already so I think there is chance for run to 0.164 and even higher.
ENTRY : local high @ 0.1045
SL : local low @ 0.09578
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 0.164
RRR : 7
INVALIDATION : when SL level hit
Like👍 & Enjoy📺!
ANKR on the Return Trip from HellIMHO ANKR will breech the next support line and quickly reach the next.
TP (1) and TP (2) are presumably the support levels along the path, which will go up.
What chu think?
Trading is about handing money over from the impatient to the patient.
Don't let the volatility turn you around.
Go and make a joyful sound.
Into a trader you have grown.
From a trade somebody has blown.
Go out and make some trades of your own.
Sometime between the time you go long and the time you just say no
May lie a fortune in your trade
But you'll never know
Until you stand in the arena.
ANKR Recovery updateNot an Advisor.
So the Crypto Market collapse has brought about a few detours, but we are recovering just fine for the time being. We just saw a reversal candle on the daily, looking for it to confirm on the next candle closing. I have two pitchforks, one with an inside fork which is set up with a green median to showcase support lines. The original pitchfork has a red median to showcase a resistance line. I laid out a path trajectory I feel like may be a possible play for ANKR. We could go up and test the 21MA and backtest, but come back to test the pitchfork line. Potentially continuing to bounce upward in the pitchfork channel till a breakout occurs.
EW Theory is still new for me, however this appears to likely be ABCDE pattern potentially playing out. RSI is at 38 on the daily, we have a lot of upside from here. Waiting on RSI to kick upward to show some added strength to the upside.
Key levels are pinned in black horizontal lines. Really just waiting on some strong volume uptick, that should return, hopefully this week so we can see some nice movement. Crypto is uncertain right now, so things may take more time to play out.
Feel free to chime in with your thoughts here.