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ANCUST

Anchor (ANC) at demand zone22/3 $ANC - Anchor Protocol is a protocol on Terra where you can deposit bLuna (bonded Luna) and bEth from Lido staking, earn interest on it, and also borrow native $UST against it. Anchor is also famously known as the LUNA defi which has onboarded many with the 20% APY interest on UST deposits/ Currently, ANC has reached a demand zone which is hard to ignore at this point where LUNA / Terra ecosystem is finally blooming with products shipping and LUNA aims to be hovering here. Updates include sAVAX on ANC - more TVL and partnership with benqi bATOM on testnet , IBC? Cross chain integration via wormhole = bSOL soon to come ANC-UST LP emissions ending veANC tokenomics, more influential governance utility Downside include slow shipping speed and technical infancy of the protocol, high TVL should attract hackers. To find out more about Anchor protocol, you may head over here and do a search for “Anchor” Trading plan - 3 scenarios Very bullish - 20% Currently with BTC fluctuating up more than down and together with LUNA/Terra eco boom and AVAX conference, this could possibly play out once any update is published within this timeframe since big money would want more governance tokens to influence votes to their favor. Expecting ANC to have buy pressure and bounce from this demand zone of 2.5-2.7, revisit more local highs at 4.4 where it should face some TPing pressure. This local resistance coincides with the 0.618 fib so I am expecting a reaccumulation after/at this level. Reaccumulation should occur and pump towards recent ATHs around 6 on bullish news, more reaccumulation and then breaking ATHs. TLDR bounce from here towards old resistances 3.75, 4.4, 6. Adding on confirmed retesting of resistance would provide better risk:reward ratios Conservative bullish - 50% Seeing this as a great possibility due to slow shipping and rotation of funds from LUNA/Terra towards AVAX. Conservative bullish strategies involve buying at range lows and selling at range highs. The range of interest is created in Aug 2021 to Jan 22 which constantly gave 5-6 weekly trades of 25-30% on average (only counting longs). We would look to play the same range from this current demand zone once the range is established within 1-2 weeks. Expecting bounce from demand zone towards 0.382 fib at 3.2 and 0.5 fib at 3.8, you can choose to TP whenever it crosses the 0.382 fib and readd at the demand zone 2.5-2.7, or at 3.2 once 0.5fib has been touched to play a bigger crab movement. TLDR repeat adds in demand zone + sells at 3.2~3.8 until comfy and re-add for target of 4.4 Bearish - 30% BTC might plummet again as it has been ranging, taking down all crypto liquidity and prices. Kucoin bots would be selling ANC and taking down prices. Also any delay in shipping speed would result in non-interest as whales want the cheapest ANC governance ability they can get and that would involve shaking you out at the old support at 1.7 so that they can fill orders on the way down to 1.23 Expecting a fakeout towards the 0.382 fib (3.2), and then breakdown of demand zone which then turns into a resistance, followed by mass selling until older supports 1.23 and 1.7 are reached As this strategy relies alot on supply and demand economics which personally is reached easily due to the volatile nature of crypto, adding on old supports and a emerging bull market would achieve favourable risk:reward ratios (1.2 to 6 is a 5x, 1.7 to 6 is more than 3x, 2.6 to 6 is about a 2x) and this is just speculation of hitting ATH. Like I said, expecting ANC to be influenced by both AVAX and LUNA ecosystems now. You can purchase spot AVAX or spot UST and LUNA here and get it withdrawn to your DEX wallets to access benqi finance and TerraStation/Terraswap/Astroport respectively.
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by Zyale
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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