ANKRUSD trade ideas
ANKR: Time to ShineANKR has strong support at the .236 fib level ($.14). If ANKR is able to hold above the .382 fib level ($.15 - $.16) then I believe it will head up to its previous ATH of around $.21.
Once previous ATH is broken, ANKR enters price discovery mode. Next major target above that would be the 1.618 fib level ($.28).
This is not financial advice. These are just my ideas and opinions.
ANKR getting ready to bounce back!ANKR has lost momentum for the past few days and has now entered a symmetrical triangle pattern which most likely indicates that a major breakout is on the rise. Its market cap is still above 1B at the time of this post so revisiting the $0.21 price range in the next few days seems doable.
My first post and idea here.Maintaining Fib levels after reaching what I believe to be an inflection point.
MACD on the 4 hour crossing to what seems to be a bullish cycle, possibly converging on the daily.
Fundamental Analysis:
ANKR is a cloud computing provider that specifically focuses on hosting blockchain nodes, essentially allowing the layman to begin running an ETH Validator node for a minimal 2 ETH as an insurance deposit. I can see this becoming a gateway to what I would consider the AWS/GCP/AZURE of blockchains.
As a developer, I plan on using ANKR services and look forward to seeing more improvements to come.
Thanks for checking out my idea, if you have any thoughts, I'd love to discuss this service and token further below.
I would love to hear others thoughts and opinions, I personally think the fundamentals of ANKR are airtight.
Possible 15-40% Gains on ANKROverview
- In short would wait until price touches the triangle support(red) for lower risk but if the crypto market pumps, this could give ANKR the boost it needs to see big gains long-term. Let's start from the top!
Price Chart
- 1hr chart with 20/50/200MA's to help indicate future supports or resistances
- As of now, MA's look terrible as I don't tend to trade when the 200MA(red) is on top of the lower MA's.
- Quick note: If the 200MA is above lower MA's, this means trend is bearish
- If price breaks through the 20MA clearly may have enough momentum to break 200MA
- Bullish triangle is a possible pattern as the resistance line(green) has a larger angle and support line(red) is close to horizontal
- Break below $0.147 you don't want anything to do with it at this time
- Overall been seeing breakouts occur when the 20MA and 50MA come in contact with each other so it's possible that's the case here
- Risky trade, big profit, would wait till support(red) is touched before making an entry. But does have the possibility of breaking out before this occurs
RSI
- Showing an inverse head&shoulder pattern which is bullish and could cause a breakout to the first major resistance at $0.182, break that and could head towards the current ATH
MACD
- Not a fan of the signal line(blue) crossing MACD(orange) as this indicates it's time to sell.
- 4hr MACD looks a tad better
Stoch
- 4hr stoch value is indicating it's time for another run up
- Last time stoch was in this range, price rose 25%
4HR Chart
- Text explains chart
Extra Info
- Learn about ANKR here: www.ankr.com
- ANKR VOLUME: coinmarketcap.com
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Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
MoneyGrind