Ankr / TetherUSUpdated ANKR ANALYSIS
Seems like ANKR/USDT formed a flag pattern after its aggressive bullish run upon breaking its main trendline. It still hits to 0.6 fibonacci of its previous peek after bouncing back from support. Movement of bitcoin will be deterministic to take position on this one, it can be a good investment if it bullishly breaks the flag. If it breaks the support line it is also possible that ANKR returns to its original trend line. NEED TO OBSERVE OUTCOME OF FLAG FORMATION.
Trade active
If it closes on top of the decreasing trend line, long position should be consideredTrade active
It has shown that 0.072 is the resistance in front of ANKR now after breaking out of flag and using it as new support. It has tested 0.082 and got rejected. I will put buy order if it breaks 0.082 and comes back to 0.073-0.077 for retestNote
Entry conditiosn are not satisfied so trade is cancelled, breakout from flag formation should be observed first
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