Ankrtechnicalanalysis
ANKR BREAKS OUT! Will it continue or pull back? Please refer back to my first #ANKR setup post to understand this chart better.
After a break out and almost touching the (purple trend line) It has met some resistance along the way which is completely normal. I do like that it is trying to hold support right on top of $0.04855 yellow resistance line. If it pulls back here are some areas I will be watching for.
Is ANKER gearing up for a major move?Anker has been on a falling wedge putting in three higher lows in the W chart, and it is testing the top of the wedge once again. The important thing to watch here is the purple trend line, and purple circles. Strangely both lows of 2021 and 2022 fell on a Monday 21st just a month apart. After the purple trend line is lost, it has been on a mission to recover it. I expect a breakout out of this wedge soon to at least to test that purple line which happens to be exactly at the 0.618 fib. I do expect resistance around the 0.382 levels.
ANKR price near a strong liquidity zone. What next ?The price of the ANKR approached to a strong liquidity zone. But even on the news of Microsoft and ANKR's cooperation, the ANKRUSDT price failed to break through it.
You believe that the growth of the ANKR price is not over yet and want to buy it? Then it is better to wait then the ANKR price will break up and consolidate above $0.06 , then you will be more confident to enter long with the prospect of growth to $0.09-0.10
But on the other hand, don't forget that powerful "price pump" can deflate just as quickly.
Therefore, in our opinion, it is a good idea to place buy orders in the range of $0.024-0.029 for your medium- and long-term investment portfolio. Of course, if you believe in the future prospects of the ANKR project
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When is it worth taking an ANKR long position ?Today, ANKRUSDT is trying to break through the trend line for the second time, which indicates a yearly downtrend.
The previous attempt by ANKR buyers to break through the trend line failed in August 2022 and after that, the price fell by another -60%.
Now it's too late to enter the ANKRUSDT long, it's better to observe the price behavior.
If the buyers of ANKRUSD manage to keep the price above the red trend line and above the liquidity zone of $0.03-0.032, then a strong long to the area of $0.06
If sellers push the price below $0.03 again, then there will be no problem to fall even lower -30-40%, at least to $0.024.
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ANKR be careful with longBINANCE:ANKRUSDT
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Possible Targets
➡️Interest zone is under the fundamental price (VPVR indicator)
➡️Held the uptrend support line - bullish
➡️Possible move down to 0.07900 retest and touch RSI bottom D1
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ANKR CLEAN TECHNICAL ANALYSIS APRIL 14Looking at ANKR are on the 4hr chart price has made a large correction form a previous ATH
to a fib support area where a clean double bottom has been made,
price approached this area structurally with a descending channel with a 123 touch formation,
after the third touch price made an impulsive move to the upside and is currently making a
flag correction between the 718 and 618 fib range. overall anticipating price to make a
second touch to the bottom of this correction before making a continuation from the first impulse to the upside potentially hitting the 0.20 area