AnkrLong
ANKR Long Term View
ANKR gave 1st signal of coming out from consolidation by breaking a potential flag and the 10ct area, becoming now a weekly support.
The confirmation would be given by a break of the 20ct area in Weekly. As long as this prices hold the bullish move we could see a retest of 13ct area on short term.
Any pullback in this direction should be seen as a buy opportunity, if 20ct is broken in Weekly then we could buy this level on pullback and look for price discovery move.
If we look at the last consolidation broken earlier this year and the target based on Fibonacci, the current targets would be 30ct / 40ct / 55ct and top at 1.50$.
Which given the current price, would provide some good rewards for the patient investors.
The confirmation would be given by a break of the 20ct area in Weekly. As long as this prices hold the bullish move we could see a retest of 13ct area on short term.
Any pullback in this direction should be seen as a buy opportunity, if 20ct is broken in Weekly then we could buy this level on pullback and look for price discovery move.
If we look at the last consolidation broken earlier this year and the target based on Fibonacci, the current targets would be 30ct / 40ct / 55ct and top at 1.50$.
Which given the current price, would provide some good rewards for the patient investors.
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.