Long

ANTBTC Retracement Scenario

Updated

After fast and huge growth ANT started to roll back till the level 0.382 Fib where it found the support and Double Bottom was formed. This situation means that 0.000467 level is now strong support from which the price will bounce. The resistance is now 0.5 Fib level where the price has stopped to grow. Stoch RSI shows that the price is in overbought zone so the level of 0.000491 is exactly the resistance which we were looking for. If the price overcomes this level the next target will be 0.000515. In case of this scenario there will be a roll back from the point 0.618 Fib which will form Cup & Handle pattern, so the volume will consolidate and the price will reach 0.000548 and then 0.000592.

Trade closed: target reached

Reached all targets and went dip

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