$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!!!
ANKRUSDT
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
ANKRUSDT(ANKR) Daily tf Range Updated till 11-08-22ANKRUSDT(ANKR) Daily timeframe range. a clean chart and a decent alt. saw some progress on the fundamental side which also helped it on the price action. altho it had a slow bleeding through May 2022 which is not a good prop but after a long consolidation it retraced back. volume here is optimal. means we could look for swing and range setups for a trade.
ANKR OpportunityHey folks, I am Nav!
With this account, I am trying to journal my trades. And I like to keep my trades extremely simple and uncluttered.
Please use the areas highlighted as support,confluence or resistance and plan accordingly & responsibly
If you liked my idea, please check others and follow for more!!
Cheers :)
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 Scalp short - Seller is pushing the price downReasons to take short
⭐️ BTC looks bearish
⭐️ Trend bearish
⭐️ Someone stopping the price
⭐️ 3rd touch
⭐️ Squeezing the trendline
⭐️ Volume at top
⭐️ 30 ATR
⭐️ Under VWAP
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
#ANKR/USDT 1HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this ANKR/USDT 1hour chart analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ENTRY:-$0.03610,$0.03690
TARGET:-$0.038,41,45,50
STOP LOSS:-0.03540
ANKR/USDT is bullish pattern and buy the green zone and LTF.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
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.