Ankrusd
ANKR hit targets again. 270% profits. What's next?Hello, dear TradingView members.
This is an ANKR idea.
Once more, we opened our positions on ANKR around the $0.02710 area, which was a solid support level and a great buy/long opportunity.
So far, we have made about 27% (270% with a 10x leverage) profit, and it's safer and more logical to close all positions now. Do not FOMO.
If you're a risk taker, you can wait for the solid resistance and close your positions, but don't forget to use local resistance as your SL.
As you can see on the chart, this coin has reached 2 levels of resistance on the hourly and daily timeframes based on the Fibonacci retracement.
There are three support levels on the way down, which will let us open more long positions when we get more confirmation. But for now, we should wait and see.
RSI is Neutral, and the price has more room to go down or up.
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
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 bearish SentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ANKR has a negative overall sentiment recently.
I have the following price targets:
ANKR/USDT short
Entry Range: $0.033 - 0.039
Price Target 1: $0.030
Price Target 2: $0.028
Price Target 3: $0.024
Stop Loss: $0.045
$ANKR squeezing hard, rejecting support, ready to tear!As usual i keep my TA fairly simple and to the point to make it easy to understand and easy to follow for anyone thinking about utilizing this information to help catch a great entry!
NOW, for the meat and potatoes (:
ANKR has been sitting in this large range for quite some time, and it is FINALLY getting squeezed out at the bottom edge of the trend. Even better, the support at this bottom level has been holding with integrity despite other coins breaking down recently. ANKR did not. it held support regardless of the PA occurring in the rest of the market.
This leads me to believe ANKR is building up a lot of momentum to burst out of this trend UPWARDS for a long position entry.
Personally ill be aiming to set 2 TP's upon break out. each fib level up will be a TP marker. As a safety measure, i set my TP right below these key levels.
ill also mention that there are TWO ways i may set an entry for such a break out.
1. i will wait for the break out, allow it to pullback and retest the previous trend line as support, and enter at this point.
2. i will anticipate a break out to occur, and set a stop limit order above the trend line so that it will fill as ANKR breaks through, allowing me to get a late entry and still catch a majority of the break!
hope this helps, and lets hope this breaks out soon!!!
ANKRUSD rebounding on the 1D MA50. Levels to watch for a break.The Ankr Token (ANKRUSD) is on the 3rd straight green 1D candle following a near hit on the 1D MA50 (blue trend-line) which has been supporting since July 29. This rebound is coming after a pull-back and rejection on the 1D MA200 (orange trend-line) on August 12. Within the 9-month Bearish Channel, this has been the 2nd 1D MA200 rejection, with the first (April 02) causing a -77% correction.
This time however there's reason to believe that the bearish trend will break as not only is the MACD on the 1W time-frame on a confirmed Bullish Cross since August 04, but the 1D RSI is on Higher Lows since May 12. Ankr is also on a Double Bottom since June 18.
However the April rejection also had an initial rebound on the short-term, which however failed to break above the 0.618 Fibonacci. In order to claim that we won't get a new sell-off this time, the price needs to break above this short-term Resistance, which could happen to be at the same time as a new 1D MA200 test.
Technically, a break above the 1W MA50 (red trend-line) confirms the trend shift from bearish to bullish on the long-term.
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ANKR/USDT - Market Update 20.08.22Hello Traders!
The price of ANKR has tested the downtrend line and resistance at $0.049, after which the reaction of sellers followed.
Based on the analysis of senior timeframes we can assume the continuation of downward price formation, within which we can consider the option of medium-term purchases.
Purchases can be considered in a price range of $0.015-0.026.
The targets will be the price levels of $0.063 and $0.084
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ANKR - Full Elliott Wave Count ✅ANKER has made some interesting price action. We can see that the major correction is divided in to 3 different waves, A B and C.
Each of these 3 waves are subdivided into 3 subwaves, ABC, which follow the 3-3-5 wave formation. We are now in the major wave C now, which is divided into 3 subwaves 3-3-5 ABC subwave. We are currently on subwave C now which is divided into 5 minor waves and currently on the 5th minor wave.
It sounds pretty complex but just read the above and follow along on the chart.
Trade idea:
- Watch for the 5th subwave to bottom. You can do this using a simple trendline or BOS for confirmation
- Once the bottom is intact, watch for any corrections to add long positions
- Targets: 0.20, HODL the rest and actively manage it
Would love to hear your comments below. As always, trade safe!
ANKR - Massive Correction Complete! ✅ANKR gave us a massive impulse in 2021 and since then, we've been in a flat correction. We appear to have completed the correction and now looking for the next big impulse. All we need now is a catalyst to get the market moving!
Trade Idea:
- Watch for rejection of the structure level if we make it back down
- Alternatively, watch for a breakout of the descending red trendline and enter
- Stops below the recent lows
- Targets: 0.12, 0.21, 0.27, 0.35
Goodluck and do trade safe!
Will ANKR be able to break over the $0.10 resistance level?Bullish Scenario: ANKR could retrace back to $0.06 support levels. If ANKR manages to break over the resistance level at $0.10 after retracements, it will be bullish. With sufficient purchasing activity, breaking above the $0.12 price barrier will lead to a move towards $0.14 and higher.
Bearish Scenario: We don’t have a strong positive bias for the long-term because ANKR has been in a decline for a few months. If the $0.06 support level fails to hold, the price will sooner or later fall further to $0.05, $0.03, and even below.
ANKR/USDT - Potential 95% SetupHello Traders!
ANKR price has been moving in a wide range of $0.05950 - $0.09500 for a long time. At the moment there is a price squeeze between the rising and falling trend lines on the chart, the price is testing the MA100 on the daily timeframe.
Short-term purchases can be accumulated in the range of $0.07100 - $0.07900.
The targets will be the price levels of $0.11800 and $0.14800.
It's necessary to close the deal using stop-loss only in case of price fall below the price level of $0.05600.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice