ANKRUSDT trade ideas
ANKR P.PANKR has been consolidating for a while now it is looking relatively good, although I still think we are going to be seeing a bit more down than up. 200 day moving average will be the support and as soon as 20 day moving average will be below the 200 that will be the pick up mark for me. What are your thoughts.
Is ANKR going for new ATH ???Hello everyone ! I had recently published ANKR chart with you, it failed to continue in that parallel channel. It is very normal indeed, today I am sharing with you big picture again. Since 2021 January it was following the orange trend line but it had failed, because this chart is logaritmic and it made 20 X over that 2 months (outperform the market). Now it is in the consolidation phase and yellow trend lines are supports and resistances. If upper yellow one broken then new ATH will be on the table but waiting such performance is not logical at that moment. Have a nice one !
Spikes are the Ruse, ANKR is Doomed GET OUT NOWThose occasional giant green spikes are deceiving buyers who look at the day range.
They look for something to buy into and see day range .16, and think ANKR will rise.
BUT ANKR IS IN A BEAR MARKET -- PERIOD.
Stealth, but bear.
Repeatedly ALMOST BREAKING TO THE UPSIDE.
But it's a ruse.
This coin will, and seems even designed to, take all your money.
So my conclusion after intensively observing it is:
ANKR is a trap.
GET OUT AT ALL COST.
ANKR - Forming an "Inverse Head and Shoulders'' PatternA suitable profit target can be ascertained by measuring the distance between the bottom of the head and the neckline of the pattern and using that same distance to project how far price may move in the direction of the breakout.
This is the first idea I published. Hope for some feedback. Always ready to improve. DYOR