AKRO Under Pressure
Updated
The price has already broken past horizontal support ($0.02) and is flirting with the diagonal support (26 Nov to present). Another sudden move by BTC in the wrong direction and AKRO will break diagonal support.
Added to this is the fact that AKRO's higher high, higher low trend was recently broken at the beginning of Dec 2021. And the price went even lower on 15 Dec 2021.
However, there is bullish divergence on the MACD. But even if AKRO turns around, there is much resistance to break past--thick black lines and pale blue rectangle.
Added to this is the fact that AKRO's higher high, higher low trend was recently broken at the beginning of Dec 2021. And the price went even lower on 15 Dec 2021.
However, there is bullish divergence on the MACD. But even if AKRO turns around, there is much resistance to break past--thick black lines and pale blue rectangle.
Note
Is this the beginning of a reversal for AKRO?
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