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ANCUSD

Anchor ProtocolAnchor Protocol (ANC) is a lending and borrowing protocol on the Terra blockchain and the 29th project on Binance Launchpool. It uses an over-collateralized architecture to allow users to lend, borrow and earn interest with their digital assets. Anchor is a savings protocol on the Terra blockchain that enables fast withdrawals and pays depositors a low-volatility interest rate, which is amongst the highest among stablecoins at ~19.5%. Anchor makes deposits available to borrowers who pledge liquid-staked PoS assets, bLUNA and bETH, as security. - i am following Anchor Protocol for a long time and what i see is a perma bullish trend, and have a good reason behind that : - if you go to check on their website : app.anchorprotocol.com - You will notice that you can stack ANC for 9.65% APR but also if you use a collateral with UST ( TerraUSD), you will get 70.94% APR. - You can also stake UST for 17%-24% APR ( 19.47% today ) - So for now not many peoples know about this project but the TVL is already around 14 200 000 000$. DYOR to dig more and understand how they can reward so much purcentages ( Mechanic of borrowers pay lenders ). ----------------------------------------------------------------------------------------------- Trading parts : - i do not recommend to Fomo on ANC now but just pray for a dip. - if you want to be just a long term hodler, just buy direct and stake. ----------------------------------------------------------------------------------------------- Buy : 4$ to 3.8$ Rebuy : 3.3$ to 3$ TP1 : 5$ (ATH) TP2 : 7$ SL : No Need ----------------------------------------------------------------------------------------------- Happy Tr4Ding !
ALong
by thecryer
4
ANC Coin’s V-shaped Recovery Making Higher-HighsAnchor Coin’s V-shaped recovery is remarkably applauded by the bulls as the coin broke out of the distribution area. The crypto asset is trading high above the 20, 50, 100, and 200-days Daily Moving average. The ANC coin has broken out of the supply zone and there remains two possibilities of break down or break out in the near future. If the bulls manage to sustain at the supply zone then there won’t be any massive breakdown of ANC coin. However, the coin may consolidate for a short interval of time. On the other hand, if bulls fail then there might be a downtrend on ANC coin’s way. The ANC coin got support at $1.33 in its crucial demand area during its hard times. Then onwards bulls have pushed their limits to let the coin break out of the supply zone. The bulls need to sustain at the top for a few intraday trading sessions to avoid a sudden fall. The ANC crypto price is favouring the bulls over the daily chart. The token just registered the highest peak of 2022 by breaking out of the supply zone. Technical Levels Support Levels: $3.42 and $1.33 Resistance Levels: $4.80 and $5.00
ALong
by TheCoinRepublic
ANC/USD - Anchor at CRITICAL resistance! Break it & it RUNS! 😎ANC's rally seems to NOT have ended. To me, these last two candles on 3-day timeframe show one thing: THE DOWNTREND HAS TURNED INTO SUPPORT. 😱 This is very bullish because that may just take ANC above $4 and much higher... If price moves above $4 on volume, ANC may quickly follow on LUNA's footsteps and challenge the all-time high at $8.5. Not bad. You could also argue this impulse wave to come is wave 5 in a 1-5 wave structure. Lets see how price develops, but the price action is bullish to me. Like and follow if you liked my idea!
ALong
by DU09
4
ANC/USD - Steady WINs the race! $3 inbound! 😍Despite a turbulent market, ANC has performed VERY well... with price continuing to go up at a steady pace. For this reason, ANC should be well on its way to test the $3 resistance which is now not that far away. The 3-day chart is bullish and the indicators are looking good, particularly volume which has EXPLODED. This is extremely bullish, particularly when price moves up. It seems to me Anchor Yield Reserve has enough cash to pay the 20% interest to depositors for another 6 months. So we should be good in the near term. If you are more interested to learn about that, check my Twitter thread on that. This is fundamentally bullish for Anchor/ANC, however, the macro structure is a downtrend. Curious how this will play out. BIAS = Bullish in the short/medium term. Time will tell. Like and follow if you liked my idea!
ALong
by DU09
4
ANC/USD - Approaching the first line of defense @ $2.2! 😲After quite the rally, I see ANC has completed a 5 impulse-wave structure and most likely we can expect a correction in the nearby future. Maybe an ABC. Either way, the first line of defense is found at $2.2 which also coincides with the uptrend trendline. If it holds then ANC stands to test the $3 resistance, but looking at the current market, I have my doubts ANC can push higher in such a market. ANC could very well break below the local support and re-test the key levels just under $2 or even lower. A good run for ANC, but now is time to find support. Bias is bearish in the short term. Stay safe. Like and follow if you liked my idea!
AShort
by DU09
2
ANC/USD - Rally back to $3 on Bullish News!!! 😍Anchor Protocol Yield Reserve will be topped up by Terra with $450 million UST. This guarantees that all UST depositors on Anchor will continue to get their 20% interest for at least another year. For this reason, there is a strong fundamental reason for ANC, the native token of Anchor Protocol, to PUMP. And pump it did, already up over 60% from the most recent low. As you can see on the chart, this news was the fuel it needed to rally. From a strictly technical point of view, ANC can easily rally back to $3 before any significant resistance. What does worry me a bit is the fact that the macro structure is a descending trend with lower highs and lower lows. This means once ANC hits $3, if it doesn't break the key resistance, it will most likely fall back down... Not cool bro, not cool. But it is too early to tell and for now, the bias remains bullish. Indicators and volume also support this case. We can revisit this in March when we will know if ANC can break above $3 and perhaps even leave the downtrend. That may be too bullish if BTC and the overall market remain bearish. We shall find out. Like and follow if you liked my idea!
ALong
by DU09