ANKRUSDT trade ideas
🔥 ANKR All Time High Break OutThis morning, ANKR has finally breached the previous all time high resistance after four days of consolidation around the resistance. In the end, it was only a matter of time.
Now that we have a convincing break out on our hands, we can trade into that direction. Please wait for the daily candle to close above the resistance before entering a trade.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, $0.25 and $0.30 respectively. Do your own due diligence.
Happy trading!
ANKRUSDT on an ascending channel. Ready to retest ATH?ANKRUSDT has been steadily recovering since its big major drop to .0044 that bottomed on September 23rd, and has since been on an ascending channel respecting tops and bottoms for over a month.
Price currently finds itself at the channel's support level, which give us an opportunity to open a long position based on the following criteria:
- Bitcoin has an entered a range that could potentially lead to a price drop, thus giving AltCoins a good opportunity to rally.
- Volume has steadily been increasing over time together with the trend, which gives us signs of accumulation.
- RSI has potential and enough space to reach its previous top, and maybe even flip its own resistance level.
1st target to confirm the rally would be at .01, which would then give us another spike to the channel's resistance located .013, target n. 2. Once this critical level has been flipped, Ankr could easily retest its ATH within the next month, which is potential target n. 3.
Good luck to everybody out there.
ANKR - Volume Increase - Massive uptrend Channel - 60%+ Gains!Hello Traders,
ANKR is playing within an uptrend channel.
Volume increase.
RSI/ MFI supporting uptrend.
Similar inverse head and shoulders pattern with the uptrend channel, as we saw in the recent months time.
Saw a 300%+ increase after breaking the previous channel.
Buy/ hold for gains.
60%+ possible.
Take profits after reaching recent highs and hold for the next possible target at the 1.618 on the fib.
Good Luck!
ANKRUSDT (ANKR) - POTENTIAL BREAKOUT ANALYSIS 🔎
- ANKRUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance.
TARGETS 🎯
- Horizontal resistance levels (R1, R2).
SETUP INVALIDATION ❌
- Breakdown below the falling wedge's support.