ANKRUSDT trade ideas
ANKR - Full Elliott Wave Count ✅ANKER has made some interesting price action. We can see that the major correction is divided in to 3 different waves, A B and C.
Each of these 3 waves are subdivided into 3 subwaves, ABC, which follow the 3-3-5 wave formation. We are now in the major wave C now, which is divided into 3 subwaves 3-3-5 ABC subwave. We are currently on subwave C now which is divided into 5 minor waves and currently on the 5th minor wave.
It sounds pretty complex but just read the above and follow along on the chart.
Trade idea:
- Watch for the 5th subwave to bottom. You can do this using a simple trendline or BOS for confirmation
- Once the bottom is intact, watch for any corrections to add long positions
- Targets: 0.20, HODL the rest and actively manage it
Would love to hear your comments below. As always, trade safe!
ANKR Scalp short - Seller is pushing the price downReasons to take short
⭐️ BTC looks bearish
⭐️ Trend bearish
⭐️ Someone stopping the price
⭐️ 3rd touch
⭐️ Squeezing the trendline
⭐️ Volume at top
⭐️ 30 ATR
⭐️ Under VWAP
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
ANKRUSDT Analysis May 24, 2022We are Bearish on Ankr Protocol, ANKR , since early April, but wow, the allies that this project is bringing on board is amazing!
To name a few in no particular order of greatness; Solana SOL , Binance Coin BNB , Ethereum ETH , Syscoin SYS , Matic Network MATIC , Near Protocol NEAR , and IoTex IOTX . We will name a few more; Avalanche AVAX , Polkadot DOT and Kusama KSM .
And today they announced that Tron TRX will partner with ANKR to improve access to their Web 3.0 infrastructure.
The founding team and fundamentals look amazing for this project and here is our current technical analysis; the Horizontal Resistance Line at ($0.105) could not be broken and the Horizontal Support Line at ($0.077) was shattered and the price drop continued all the way down to ($0.035). The Daily Uptrend Line has also been broken, the Weekly Downtrend couldn't be reclaimed, and we are kind of in limbo between these two softer Resistance and Support Lines. We are down over 75% since the All Time High in April of 2021. The Weekly Downtrend Line, unfortunately (or fortunately) has a triangle formation at the ($0.02625) Support Area (not visible on this chart). Not Financial Advice...Trade with Confidence and Control.
#ANKR/USDT 1HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this ANKR/USDT 1hour chart analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys.
ENTRY:-$0.03610,$0.03690
TARGET:-$0.038,41,45,50
STOP LOSS:-0.03540
ANKR/USDT is bullish pattern and buy the green zone and LTF.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
THANK YOU.
ANKR - Massive Correction Complete! ✅ANKR gave us a massive impulse in 2021 and since then, we've been in a flat correction. We appear to have completed the correction and now looking for the next big impulse. All we need now is a catalyst to get the market moving!
Trade Idea:
- Watch for rejection of the structure level if we make it back down
- Alternatively, watch for a breakout of the descending red trendline and enter
- Stops below the recent lows
- Targets: 0.12, 0.21, 0.27, 0.35
Goodluck and do trade safe!
ANKRUSDT Gartley Completed!How to Identify Gartley Pattern?
As mentioned in the introduction section, the Gartley pattern has very specific ratios within which its price retracements must fall. Whether it’s a bullish or a bearish Gartley Pattern, it does not matter. This is because both types of the pattern operate in the same identical way.
There are two steps involved in accurately identifying the Gartley Pattern. These are –
Understanding the Gartley Pattern construction rules
Drawing the Gartley Pattern on the price chart for easy visualization
Both these steps will be covered in detail, in the following sections of this article.
Generally speaking, the ratios prescribed by the Gartley Pattern Rules must be met, and the closer they are, the more predictive power the pattern has.
That being said, you can make trading decisions based on the Gartley Pattern even if these ratios are not an exact match. However, with each standard deviation away from the prescribed Fibonacci levels, the Gartley model loses some of its predictive power. Therefore, the results that you get when trading a Gartley Pattern, constructed with minor deviations from the prescribed Fibonacci ratios, might not be as impressive.