AKTUSDBouncing where it should... akash.network
Is on my shitcoinslist
200%move potentially starting here
Long term pennant
Similar look to htr
AKTUSDT trade ideas
Make a Faling WedgeFalling Wedge was identified on Oct 23, This pattern is still in the process of forming. Possible bearish price movement towards the support 2.5963 within the next 18 days.
AKASH 4H CHART - SUNDAY CORRECTION & BULLISH CONTINUATION$AKT sitting in a neutral position
Purple boxes represent key support zones
Bullish outcome - Push past and test on 50 & 25 EMA
Bearish outcome - Sunday retest & accumulation against 06th October daily wick @ $3.1 - $2.9 to confirm a breakout, followed by a continuation of the upward trend
As I am PERSONALLY bullish long term on Akash network fundamentals and roadmap, this is listed as a long.
EDUCATIONAL ONLY. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
Akash bullish divergenceAkash is a top project with great fundamentals - web3 cloud provider cheaper than AWS, Google etc. The chart does not look as nice as the fundaments but I think this divergence could play out and we could see AKT hitting the resistance at 4$. Many tokens are staked (42% APY) and the price is therefore easy to manipulate. Volume is also there + there was a big token unlock. I am already long and I will be long for few years to come because the idea is really nice, but I'd add some short-time long as well here. Let's go!
AKT retest $4.50 area before antoher leg upAKT experienced a great move upwards these last couple of days, but as the RSI is starting to show weakness I think it only makes sense that it comes back down to retest its significant previous resistance level and turn it into support before rallying further up. The key level here is $4.50. Let's see what it will do!
*Not Financial Advice
Akash (AKT) - the decentralized cloud Akash Network, the world's first decentralized and open-source cloud.
$6.4 incoming for Akash (AKT) and possible ATH test later this year.
AKT/USDT Start: Akash as THE new cloud computing service? 10x?Intro:
- AKT is currently in a downtrend and did rebound around 2$.
- Unfortunately AKT on tradingview does not show the full history. We include the resistance levels around 5$ and 6$.
But since we believe in this coin and its potential we will start covering it here.
- Akash is one of the first cloud computing and cloud storage service based on blockchain.
Cloud computing becomes more and more the norm as well as cloud storage.
This makes us very bullish for Akash that it will perform well during this bullrun.
Daily chart on the left hand side:
- Price is currently in a downtrend together with the volume and the RSI.
- Once we break above we expect all three indicators to flip which could end in a sharp recovery.
4h chart on the right hand side:
- We see a weak support around 2.5$.
- The 50 and 200 MA are closing in which would result in a golden cross. The yellow camera already eagerly awaits this.
Expectation:
- We expect a recovery during the next months that will result in new ATH's.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
