Are We There Yet?ANKR trended down -- like pulling back an archer's bow -- before leaping up with the last big news around 22 March. Is the surge coming again? Are sellers jumping in ahead of the wave, shortng the rumor?
Considering what I found from March 26 on stockstelegraph.com:
Ankr (ANKR) coin started off in 2019 with a price of $0.012. Until 2021, the coin was unable to break out of the price level and stayed stagnant; however, the bull run of the new year brought the cryptocurrency under the spotlight. Ankr coin exploded upwards and broke many resistance levels. At the time of writing, Ankr stands at a price of $0.122 which has also been established as the all-time high. The uptrend of the cryptocurrency is expected to continue in the coming days and newer all-time highs are expected to be made by Ankr.
In the past 24 hours, Ankr coin’s price went up by 23% while the daily trading volume also increased but by around 235%. Ankr stands at a market ranking of 91 which is expected to improve drastically as the market capitalization of the coin drive upwards. Despite the fact that the cryptocurrency market has turned bearish, Ankr is continues to be strongly bullish which has pleasantly surprised investors and traders. The strong bullish momentum of the coin has resulted in Ankr stealing the limelight.
Ankr (ANKR) coin technical analysis
The market for Ankr coin is strongly bullish as the technical indicators are giving out a strong buy indication. Nine of the indicators stand at a neutral position while fifteen are giving out a buy signal with only two indications of sell. The oscillators are neutral while the Moving Averages are highly bullish.
The market outlook for Ankr is positive and traders are suggesting a long position for the cryptocurrency. A trader had identified an Elliot wave series which had begun in 2020. Per the trader, the cryptocurrency is expected to complete the wave four and five of the series which lie on various Fibonacci levels. Ankr can be observed to have reached the 2.618 Fibonacci level which lies parallel at the price level of $0.119. Ankr can be expected to reach the Fibonacci levels of 3.618 and 4.23 which lie at the price levels of $0.35 and $0.69 respectively. The 50 Exponential Moving Average is acting as strong support for the cryptocurrency. The Moving Average Convergence/Divergence (MACD) and Stochastic Relative Strength Index (RSI) are on a bullish uptrend.
Future predictions
Ankr is a blockchain node hosting solution which utilizes shared resources and is able to provide the service comparatively cheaper. The recent surge in the price of Ankr has brought it under the radar of many investors. Coinbase, the leading crypto exchange, had recently listed Ankr which fueled the upward price movement of the cryptocurrency.
Wallet Investor and Digital Coin Price place the cryptocurrency at a price level of $0.30 in five years’ time. However, these projections are said to be on the pessimistic end and Ankr is expected to go even higher.
ANKRUSDT trade ideas
ankrusdtThis is my personal view of this currency - also the market has high risks. If you do not know anything about these risks, I do not advise you to enter or exit any deals - and you bear responsibility for that -
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ANKR hoisting mainsail!Serious case of FOMO developing as I am not in with the amount I would like to be. Happy for my son who is in there with a meaningful investment. I'm at the stage of TELL EVERYONE TO BUY. I think the chart speaks for itself and I have not looked beyond candlesticks even to order books, and I can see it.
ANKR - Next move up?4H chart - ANKR downtrend breakout with a nice retest of support around 0.1428 starting a new uptrend into an ascending triangle along an intermediate trend. Waiting for a breakout of the triangle to the upside and continuation.
Momentum building on the MACD and RSI with a bullish crossover on the EMAs and trading above the 50MA
ANKRUSDT bounce d on 0.618 Fibonacci LevelThe price bounced on 0.618 Fiboancci level and now it's creating an inverse head and shoulders. IF the price will have a breakout upward, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ANKR lost at SeaThis thing is bobbing up and down in deep waters -- an anchor without sail or motor, or apparently even a ship. If I were working at ANKR the truth is I would be peeved at the traders making hay, tossing me up and down like a cork. Not the choice for me anymore, but yes I have some $$ stuck in there (not at a loss, but not much of a gain). Some of us are Long, not by choice but by necessity. I guess you could play the trend as your friend and bob up and down along with the ANKR, your choice. But if the company were left alone, or perhaps listed on the NYSE and treated like a real stock, it would be a healthy investment. As it is, seas are tossing it around so that one wonders what it will look like in the morning.
ANKR -- drop or pop by next week It is exciting to monitor this company's price action by the minute, but when I back out to the week it appears ANKR has just now arrived at a juncture, time to decide if it's a man or a mouse. Loved ones in there with several thousand, so I hope for the best. The fundamentals are fine as far as the entire crypto phenomenon goes. I will be watching by the minute, but should probably pretend it's a mainstream stock and check back next week. However, it seems nobody gets in this for anything but a fast buck. I did get out with 800 in 3 days but I am glad I insisted on dropping ANKR when I did. Being human, though, I'd rather have FOMO than sympathy.
Drop ANKRAs much as I wish ANKIR would be the next APPLE, over time it looks like a sandbox for day traders, pump and dump, rise and grind, up to .17 back to .14 and going nowhere fast. I got out, and bought a physical piece of gold. So if you are in ANKR you are either out in five, back in five, out in five (or 3 or 1), or a hodler. Not just holding, Holding On for Dear Life. Fair winds and following seas.
