Long
How many times will Anchor bounce off 50 moving average?
We are going to go back down, there is no real doubt about it.
First the RSI is way about 60, this will correct
Secondly MACD is also about to cross indicating a correction
The good news is that we will bounce back up again
We will go down to about $3.30 in the next few days and then we should reach new highs again.
ANC is nowhere near the ATH, so $5 or $6 is well within reach.
First the RSI is way about 60, this will correct
Secondly MACD is also about to cross indicating a correction
The good news is that we will bounce back up again
We will go down to about $3.30 in the next few days and then we should reach new highs again.
ANC is nowhere near the ATH, so $5 or $6 is well within reach.
Trade active
sold off waiting for some kind of bottom, will not wait all the way to the 50 EMA, will re-enter at ~3:45Trade active
On binance my buy orders triggers at $3.50, I was planning on buying more later, but it seems we might already be on the way back up.I still expect further drops.
Note
As expected we have gone down, we should start going back up again soon(tm) ... especially given how well the market is doing now.Trade closed: target reached
The target was reached ... we might see higher highs soon, but I am happy with my results.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.