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AKTUSD trade ideas

AKT momentumAs the market reverses, AKT is a clear leader of the larger market cap tokens. AKT pushes once again for the golden fib and reaches for the previous trend. I love to see this kind of reversal on one of my larger holdings. AKT is a top 5 holding for me fighting with Pendle on a day to day basis for that spot. I have the token staked and plan on holding it for this next BTC run. Be cautious as my dead cat bounce on BTC theory has not yet been disproven. Short-term this token will rip to at least 3.4.
CRYPTO:AKTUSDLong
by Apollo_21mil
Image of Sol to AKT tradeIf you have been following alone you will know I flipped bearish on Solana and sold out. I recently added AKT by selling some of my RNDR back which is up 500% from last year, and additional funds bridged from Sol. I saw that as RNDR lost steam, AKT was standing strong. I had been wanting to build an AKT position for over a year and saw strength against weakness and took the opportunity. I am now alrdy up 40% on AKT with a heavily correcting market. I marked where I flipped bearish on Sol with the white circle. This one played out greatly. AKT is a great way to diversify ai and compute plays, RNDR is fine but was starting to lose steam.
CRYPTO:AKTUSDLong
by Apollo_21mil
2
AKT attemps to overtake fibAKT on strong momentum attempts to flip this important green fib into support. The teal line is monthly resistance that was recently overtaken. I like profit taking into the cosmos ecosystem as I can easily move to many other chains on chain without CEXs, I expect this token to continue the overall momentum. I marked my next two price targets from historical price action. It won't take long for these to be overtaken as the price action is only a few weeks at most.
CRYPTO:AKTUSDLong
by Apollo_21mil
Akash Golden Pockets Daily ChartAkash is a decentralized cloud data storage project. They have recently upgraded the cloud node management system. It is now possible for normal everyday non techy people to run their own cloud node per hour. On the chart i've simply pulled the fibonacci retracement tool from the local low and high to show you where the token might find support locally 1Day chart. And Ive pulled the fib retr tool on the all time high to the all time bottom to show you where the price could possibly go. I dont have a timeline on this, but you can frequent this chart and push play to see how its tracking. Is it possible to go down below? Of course. But from what we can see there is vast more support below than resistance above.
CRYPTO:AKTUSDLong
by Altisona
AKTUSD How to trade a potential break-out or pull-back.The Akash Network (AKTUSD) has been trading within a Channel Up pattern since the February High and the current consolidation and struggle to break above its Higher Highs trend-line, prompts us to consider this as a higher probability of being a top. In addition, the 1W RSI (chart on the right), is vastly overbought above 80.00, hence more likely to need a corrective wave to harmonize this inflated momentum. As a result, we will buy again only after contact with the 1D MA50 (blue trend-line), on the condition that at the time of the contact the 1D RSI is at least at 40.00. If the price closes a 1W candle above the 0.618 Fibonacci retracement level though, we will buy the break-out regardless. In both cases our target is 2.800 (0.786 Fibonacci level and just below Resistance 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:AKTUSD
by TradingShot
2
✴️ Akash Network Grows 958% Since Nov. '22The "orthodox" end of the bear market happened June 2022, notice that this is the date that Ethereum and most major Altcoins hit bottom. Bitcoin went on to hit a lower low in November 2022 vs June '22 as part of an irregular bottom. You can use Nov. or June 2022 as the bear market end/bottom/low, it doesn't matter, what is now fully confirmed is that the bear market is over, it has been over long, long ago. Some people are still under the impression that Bitcoin is crashing together with the Altcoins market... Nope. The smaller Altcoins are small, everything goes. The lawsuits and the rest but when you look at Bitcoin, the king, Ethereum, Litecoin and the others in the TOP20, you will see that they've been growing for months. Akash Network (AKTUSD) has a similar pattern as those bigger ones but with a small variation, it is many times stronger and this is what happens in a bullish phase. You do not see infinite uptrends, 3 digits grow in a single candle, 8 months of sustained sideways, higher highs and higher lows, major bullish breakouts on and on in a bearish phase. Corrections and retraces are a great opportunity to buy, because the market will continue long-term to print higher lows and higher highs. Volume for AKTUSD is currently huge and thus allow for additional long-term growth. Namaste.
KRAKEN:AKTUSDLong
by AlanSantana
2
Continued selling pressure TECHNICAL: The price of AKT is testing the 21 Moving Average in a bearish sentiment. Notice the huge spike in selling volume few days ago (it's a daily chart) From my experience such huge selling volume leads to much deeper falls that can last weeks. The price channel is moving south and currently there is no indication that it will change in the near future. Let's revisit this in a few days to see if the 21 MA gets broken to the upside. FUNDAMENTALS: The AKASH validators have voted to substantially reduce staking rewards to cap token inflation but this may turn sour when current stakers decide to leave and future investors will feel disincentivized to invest. This may add to selling pressure. Not financial advice.
KRAKEN:AKTUSDShort
by MT4-trader
1
Akash AKT - good buy at 1.90?Akash Network is the world’s first decentralized open-source cloud, providing faster, more efficient, and lower cost application deployments for high-growth industries including DeFi, decentralized organizations and applications, and machine learning/AI. Akash Token (AKT) is the platform’s native utility token, used as the primary means to govern, secure the blockchain, incentivize participants, and provide a default mechanism to store and exchange value.
ALong
by bigpiranha
2