What to expect from AKRO next?
Hello everyone! It's been a while since I shared any ideas, and the reason for that is that the market has been very boring.
But today, I have a few ideas that I'd like to share with you.
Let's talk about AKRO. Last time, the idea worked really well, bringing in over 130% profit.
At the moment, the asset has returned to the global support zone, and we have two possibilities: either a continuation of the downward movement to the 0.236 Fibonacci level, or a bounce from the support level and the start of a new upward movement.
In the case of an upward movement, I think it would be reasonable to enter after the breakout and consolidation above the 0.382 Fibonacci level. At that point, the EMA 200 will also be located there. The RSI is also oversold.
Targets are shown on the chart.
This is not financial advice, and everything you do is at your own risk.
But today, I have a few ideas that I'd like to share with you.
Let's talk about AKRO. Last time, the idea worked really well, bringing in over 130% profit.
At the moment, the asset has returned to the global support zone, and we have two possibilities: either a continuation of the downward movement to the 0.236 Fibonacci level, or a bounce from the support level and the start of a new upward movement.
In the case of an upward movement, I think it would be reasonable to enter after the breakout and consolidation above the 0.382 Fibonacci level. At that point, the EMA 200 will also be located there. The RSI is also oversold.
Targets are shown on the chart.
This is not financial advice, and everything you do is at your own risk.
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