AKASH 4H CHART - SUNDAY CORRECTION & BULLISH CONTINUATION
Updated
AAKT sitting in a neutral position
Purple boxes represent key support zones
Bullish outcome - Push past and test on 50 & 25 EMA
Bearish outcome - Sunday retest & accumulation against 06th October daily wick @ $3.1 - $2.9 to confirm a breakout, followed by a continuation of the upward trend
As I am PERSONALLY bullish long term on Akash network fundamentals and roadmap, this is listed as a long.
EDUCATIONAL ONLY. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Purple boxes represent key support zones
Bullish outcome - Push past and test on 50 & 25 EMA
Bearish outcome - Sunday retest & accumulation against 06th October daily wick @ $3.1 - $2.9 to confirm a breakout, followed by a continuation of the upward trend
As I am PERSONALLY bullish long term on Akash network fundamentals and roadmap, this is listed as a long.
EDUCATIONAL ONLY. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Trade active
Bearish Sunday outcome occurred as anticipated at the target price, albeit faster than I anticipated!From a technical standpoint, this would make a good entry for a mid-long term strategy.
IF a deeper correction occurs, lower entry targets would likely be in the $2.4 - $2.6 region (lower purple box). Short-term traders, take care.
EDUCATIONAL PURPOSES ONLY. NOT FINANCIAL ADVICE. DO YOU OWN RESEARCH.
Trade active
Some nice entries recorded at the dip which follows this analysis! Could potentially see upside action from here.EDUCATIONAL PURPOSES ONLY. NOT FINANCIAL ADVICE. DO YOU OWN RESEARCH.
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