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AKTUSD trade ideas

$AKT Cup & HandleSince September 2021, we’ve been witnessing a massive Cup and Handle pattern taking shape, signaling potential bullish momentum ahead. With the Fed’s recent 50bps cut acting as a catalyst for risk-on assets, now is the time to pay attention! As BTC dominance (BTC.D) shows signs of topping, select altcoins with genuine adoption and utility are poised for significant rallies, possibly reaching new all-time highs. Keep your eyes peeled on these emerging stars in the crypto space!
CRYPTO:AKTUSDLong
by httpz
1
Akash Network (AKT)Akash Network is an open network that lets users buy and sell computing resources securely and efficiently. Purpose-built for public utility. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. Anyway, AKT ended the downward move when the price broke the major downtrend line. Then Akash started its upward phase, which took the price up to the ATH slowly but surely. AKT reached the ATH but couldn't break the area; instead, ATK made a retraction to gather momentum. Then Akash started a new upward wave to attack the ATH's horizontal resistance area and break it. Only then can ATK achieve higher targets. Let's see what happens.
CRYPTO:AKTUSD
by SaeedSalehinia
$AKTUSD massive bull flagThematic Investment Narrative: COINBASE:HNTUSD , easily the most successful DePIN Network to date, has been leading the altcoin market as a performant outlier-- with subscription count steadily increasing for their SEED_DONKEYDAN_MARKET_CAP:MOBILE network, this is a project that is generating legitimate business flows from real-world customers, and that makes it a standout alt to hold-- few protocols can make a (substantiated) claim like that. With that context, it's not as surprising that HNT has been leading the way over the past few weeks as markets have been experiencing sideways volatility at large. Investors love altcoins because it is basically decentralized VC-- and while mom and pops can get exposure to these VC-esc exponential returns-- they are also sometimes not prepared for that same potential downside involved in such illiquid markets. The DePIN companies/projects/protocols with more 'meat on the bone' (i.e. paying customers), will be the ones that are safer to hold through this potentially brutal market VOL. So AKT: With equally solid growth and adoption/user statistics, AKT may be primed to become the second-in-class DePIN 'Blue chip'. Leases & USD spend are up, Compute, Memory, and Storage are also trending up and to the right. I feel that investors seeking outsized returns from #DePIN 's next macro leg up might look down the risk curve from HNT and see AKT as another gem in the rough Technical Analysis: - Massive Bull Flag Pattern identified - Daily Candle 1D RSI Breakout test is imminent (bottom chart purple arrow)-- perfectly aligning with the September 18th FED Rate cut decision** If we do get a surprise 50 bps cut, it might present an excellent 'last stop before moon' buy-opportunity for higher risk assets, ultimately the economic stimulus will come back steeper than it did in 2021.... hang on **25 BPS Likely, 50 BPS will probably be bearish honestly NFA DYOR
KRAKEN:AKTUSDLong
by httpz
Is AKT Price Ready For Breakout Run To $6?Triangle Pattern Formation: AKT price action has formed a triangle pattern, indicating potential for a significant breakout. Death Cross: A death cross is forming on the daily chart as the 50-day EMA approaches the 200-day EMA. Current Price: AKT is currently trading at $3.21 with an intraday pullback of 3.21%. Recent Performance: AKT price has jumped 20% in three weeks after hitting a support trendline at $2.50. Market Conditions: Bitcoin's struggle under $60,000 is slowing down the bullish trend in altcoins, but broader market recovery next week may boost altcoins. Technical Indicators: RSI is near the halfway line, indicating potential for a bullish comeback. EMA signals a death cross, which is a bearish indicator. Triangle Pattern Significance: The AKT price is at the bottleneck of the triangle pattern, suggesting an imminent trend-deciding break. Evening Star Pattern: A bearish evening star pattern has formed at the trendline, signaling potential downside. Potential Upside: With a breakout from the triangle pattern, AKT could hit the $5 mark or the 23.60% Fibonacci retracement level. Support Levels: On the downside, a fall could take AKT to the long-term support trendline near $2.50. Market Focus: Smart money is focused on high-potential altcoins like AKT amid market recovery signals. Short-Term Outlook: The next few days are crucial as AKT approaches the decision point in its triangle pattern.
KRAKEN:AKTUSDLong
by Coinpedia-Market-Insight
Post-retest jump for AKT Teases A Jump To $10 Triangle Pattern Alert: AKT's price action within a triangle pattern on the 1D chart suggests a consolidation phase nearing completion. Resistance Retreat: The recent pullback from the overhead resistance trendline indicates potential challenges ahead in breaking higher. Bullish Reversal Signals: A 14% jump in the last 24 hours marks a bullish reversal, suggesting a potential end to the correction phase. Demand Surge: With a 64% increase over the last 30 days and a 150% surge in trading volume, AKT is demonstrating significant market interest. Approaching Key Levels: As AKT nears the $6 mark, the momentum for further gains appears strong, indicating a possible breakout. DMI Support: The bullish alignment of the VI lines and a positive ADX flow in the DMI underline the strength of the current uptrend. RSI Climbing: The RSI forming higher highs and approaching overbought territory reflects growing buyer enthusiasm and demand. Market Recovery Influence: The broader market recovery, especially Bitcoin's performance, is playing a crucial role in AKT's price dynamics. $10 Potential: If the bullish momentum continues, AKT could target higher price levels such as $7.5, and potentially even $10 in a favorable market. Support Watch: On the downside, a breach below $5.5 could push prices towards the $4.67 support, necessitating careful monitoring.
KRAKEN:AKTUSDLong
by Coinpedia-Market-Insight
AKTUSD Excellent 3X buy opportunityLast time we looked at Akash Network (AKTUSD) was on August 22 2023 (see chart below) and it followed our pull-back buy approach precisely, hitting our 2.8000 Target with ease: The coin has again started to draw attention as it broke above its 1D MA50 (blue trend-line) for the 2nd time after the bottom on the Higher Lows trend-line of the 1-year Channel Up. With the 1D MA200 (orange trend-line) holding, this break-out confirms essentially the start of the pattern's new Bullish Leg. The first peaked at +678%, the second at +799%, so if that's a progression it is possible to see the third one peaking at +879%. However even if the +678% minimum rise is followed, we are looking at a 3X growth from the current levels. As a result, we set a modest 23.000 medium-term Target on Akash for the next Higher High. It is worth noting also that the 1D RSI gave a clear bottom signal when it hit the 30.00 oversold barrier and rebounded. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AKTUSDLong
by TradingShot
Akash Weekly Stochastic RSI - First time in 6 monthsThis is a very nice looking chart to me. Akash recently broke above a price high from 2 years ago and pulled back nicely to the 21 period MA. The rounded shape of price action over the last couple years looks very nice & is likely to continue quite a bit higher in the coming months. The long top side wick on the current candle (Apr 23, 2024) is a bit of a concern, but there are 4 days left before close. If this candle closes bearish, I don't see it of much of a concern as I see price action chopping here for another couple or more weeks. What makes this a very attractive trade to me is the stochastic rsi. When that cross up confirms above the 20 line I expect to see a strong move up for several weeks or months. It will be the first such cross in over 6 months. In addition to the beautiful chart AKT has a very fundamental, practical suite of services. In addition they will get interest in the GPU & AI narratives. But the chart speaks for itself. That cross up is when to get in for a longer term hold. The 1.618 Fib continuation level is at about $62. I'd say that is very much in play and in peak alt season, that number could be blown away.
KRAKEN:AKTUSDLong
by freedomfflow
AKASH/USD (AKT) - Crucial Key LevelsAkash Network (AKT) - has been on a parabolic run this year and has performed very well. Price has managed to hit an all-time high of: "$6.50"! Bears currently atm have driven the price down past support at $4.90 which put's AKT at a major risk if the price continues to plummet past bellow: $3.35 zone. 🟢Line of Support Zone= $3.35 - $3.66 🔴Line of Resistance= $4.43 All-Time High= $6.50🌝 Learn to take profits, don't be greedy! Trade with caution during these dips regardless during a bull run. Not all coins follow with the rally of Bitcoin, so ALT season may not happen until the flow of BTC transfer into ALT's later this year.
CRYPTO:AKTUSD
by Bitcoin_Benny
Huge cup and handle on AKTAKT like many alts is forming or has formed a huge cup and handle. This price action is wild to see, the same draw down that happened before the last crash happened all over again. The crash dip was an 46% move, the dip we just saw was 37%. If we retrace all the way back to the golden fib we have another 20% downside. My short-term target remains in the sevens. The resolution of the cup and handle is around 12$. BTC is likely to continue to wash out leverage so be careful. I wanted AKT as an Ai exposed token that provides passive income while I watch the cycle play out, this helped diversify my RNDR bags. -Remember, my colleague and I have been in alts since the bottom 15k BTC price -Do not let fomo control you -Dip buying on these massive corrections in small amounts works well -Bitcoin is a safer dip buy than any alt any day for long-term minded folks
CRYPTO:AKTUSDLong
by Apollo_21mil
AKT case studyAs you know I love these wedge contractions with a resetting stochastic RSI, these usually lead to an upward move, or a flush before an upward move or consolidation. What next: -Do we explode upward? stochastic RSI and price action contraction point to this -Do we breakdown, the local demand is very far away and BTC has corrected a bit finally, this points to downside -Do we have a quick downside flush because of leverage and then consolidate within the pre-existing range? This has happened many times on charts like this, especially cosmos tokens like sei
CRYPTO:AKTUSD
by Apollo_21mil
AKT flagging on fibs AKT is one of my positions I recently got into a while back, I did post my exact entry point around 2.3$, I got a great entry and was able to diversify my AI narrative bet. With RNDR as my largest position I am happy to hold a different token that provides yield and is on Cosmos. With this RNDR pump and NVDA having crushed all other stocks, I think AKT will push here, this looks and feels like a flag, we could see 10$ much sooner than I initially thought. -I am in no rush to sell here, the yield this token provides during a bullish market is outstanding -This down trending stochastic RSI is aching to be broken, this flag looks very bullish -I marked a potential flag projection target if we see some profits roll down into AKT (7.9$)
CRYPTO:AKTUSDLong
by Apollo_21mil
2