Updated

ANKR Half-staff flag 29/08/2021

Flag characteristics:

The flag is currently longer than the traditional 3 weeks however this market is open 24/7, therefore I have factored weekends into the timeframe of the pattern, making this one still inside the limit.
This is more likely a flag than a channel as the run up previous was steep/quick and could be considered a flagpole.
Price has mostly moved within the two parallel lines.
Volume trending downwards through the flag.
Measured price target shown as ~$0.15 (58.89%).

Other technicals:

RSI trending in the bullish control zone, with hidden bullish divergence showing.
Bollinger bands contracted with price holding support, and are showing beginning signs of expansion with price trending in the upper half and with a successful daily close above the top band.
Volume profile shows POC just above the measured price target.
Price has already wicked above resistances provided from the highs in late May/June. Breaking above now would be a good sign of a move to the next resistance.
We are sitting on top of the Monthly Camarilla R4.
Support was made on the POC inside in the flag.
General volume has seen a significant increase since the June/July lows.

Traditionally, the entry is a stop on the break or on a close above the top trendline. A bounce of the bottom trendline would also provide a good entry, with an even tigher SL (below the previous lows of the flag). Can also look for a bounce off the BB/flag median as entry, if caught on time.

Have plotted potential resistances from highs with green horizontal rays (can be TP levels), and also an invalidation/SL price to the downside with a horizontal red ray.

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This may well have been the prime entry here. Monitoring.

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After 2 fakeouts, there it is. Looks like the real one this time, if BTC plays along!

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Met resistance

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Let's see if we can close above this median: s3.amazonaws.com/tradingview/snapshots/s/szBBmKET.png

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Great H4 close above the flag with volatility expanding on BBWP and strong volume. Lets see if we can find continuation!

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After finding some support at the top of the channel, we could be poised for continuation:

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Euromotif has pointed out a fib cluster at ~$0.13. Keeping an eye out on this level as resistance.

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Taking at least some profit here is advisable (from a day trading perspective)

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I'm half expecting a quick close of the weekly CME gap, set around $50.7k. This will impact all alts - best to be cautious. It is also a US holiday. Wick action could be seen.

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Well hello there Mr. Whitwicky! No close on CME yet though.

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Ideally we'd want to make a base in the shaded area shown. This area represents the most local support, in terms of volume and VPVR.

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Yikes! Hope everyone managed their risk/position properly!

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Price is being squeezed here, very similar action seen on many alts. If volume picks up, this can break upwards.

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Some of the stronger coins had similar movement to this:

It may be ANKR's turn to move up on market rotation if this resistance is broken.

fvideira

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fvideira