ANKRUSD trade ideas
ANKR strong bullish potentialANKR had 2 consolidation phases with the 1st one end of last year and the second one currently since April.
Prices tend to the end of this consolidation but nothing is confirmed yet. MACD daily turned green and some bullish volumes are coming in. Between current price and 8ct area should be seen as a buying opportunity to target 20ct as 1st (In breakout is confirm others target are higher).
Game of patience but when it will break higher the move should be strong to ride.
Entry Ankr @ $0.10 Target @ $4.30 May 1, 2023 Ankr Protocol
Entry Ankr @ $0.10 Target @ $5.30 May 1, 2023
Entry Ankr @ $0.09 Target @ $5.30 May 1, 2023
Technical Anyalsis Chart Condition
1. Break out of Channel $0.21
2. Pull-back Toward $0.0450
3. Ideal Entry $0.05 to $0.15
4. Target @ $5.30 to $41
Fundamental Asset Descriptions:
Ankr's Eth2 staking solution provides the best user experience and highest level of safety,
combined with an attractive reward mechanism and instant staking liquidity through a bond-like synthetic token called aETHc.
Binane. us Exchange: www.binance.us
Project Website: stakefi.ankr.com
ANKR Half-staff flag 29/08/2021Flag characteristics:
The flag is currently longer than the traditional 3 weeks however this market is open 24/7, therefore I have factored weekends into the timeframe of the pattern, making this one still inside the limit.
This is more likely a flag than a channel as the run up previous was steep/quick and could be considered a flagpole.
Price has mostly moved within the two parallel lines.
Volume trending downwards through the flag.
Measured price target shown as ~$0.15 (58.89%).
Other technicals:
RSI trending in the bullish control zone, with hidden bullish divergence showing.
Bollinger bands contracted with price holding support, and are showing beginning signs of expansion with price trending in the upper half and with a successful daily close above the top band.
Volume profile shows POC just above the measured price target.
Price has already wicked above resistances provided from the highs in late May/June. Breaking above now would be a good sign of a move to the next resistance.
We are sitting on top of the Monthly Camarilla R4.
Support was made on the POC inside in the flag.
General volume has seen a significant increase since the June/July lows.
Traditionally, the entry is a stop on the break or on a close above the top trendline. A bounce of the bottom trendline would also provide a good entry, with an even tigher SL (below the previous lows of the flag). Can also look for a bounce off the BB/flag median as entry, if caught on time.
Have plotted potential resistances from highs with green horizontal rays (can be TP levels), and also an invalidation/SL price to the downside with a horizontal red ray.
Ankr Moontides SeasonTraders if you have been wondering what is going on in the market. Hyper Inflation ... aka wave 4/5
- Hyper Inflation empirically happens very fast.
- Research news about the current federal reserve situation.
Chart
- Double Bottom formation pattern.
- For a double bottom formation to be complete it must first must make a higher low.
- Second, make a higher high
- Third, break previous resistance neckline in fashion.
What is there not say about Ankr. Cross Chain pioneer.
ANKR coming back?Not a Financial advisor.
ANKRs previous high is .21. In the coming weeks I believe we can retest that.
Standard flag measurement gives me the pt of .30
MA's looking to cross over the next few weeks, as long as we see a break of resistance in the coming days.
RSI is at 53 on the weekly. Stoch is perking up an awaiting further action to the upside.
Momentum is returning after being killed off on the pullback from the previous run. I suspect that we will see a a pop & retest of support. Then Momentum will kick up as a run gets underway.
My eyes are returning here.
.30cents should be doable before December. However, trades can fail & I'm not an advisor, just showing my idea.
ANKR Closes Above Key Month Long Level of Resistance on Daily ChANKR has finally closed above a key level of resistance on the daily chart. This is most likely a signal that bullish prices are in the future. Only level of resistance left to tackle is the 20 week SMA. Will update this idea as time goes on.
AKNR: First Target Hit, Now ConsolidateANKR hit my first Fibonacci target (1.272) after I took an early entry at 0.08321, giving us a gain of over 11% in 2 days if we exited at midpoint. But I think it's reconsolidating for a potential next leg up. So here is another line of targets for a new possible rally. Good luck and safe trading to all!
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** Not financial advice. Please trade at your own risk.