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ANKRUSDT trade ideas

ANKR (ANKR) WCA - Inverted Head and Shoulders PatternHello and thank you for taking the time to read my post. Today, we analyze the ANKR chart with the ticker ANKR/USDT on the weekly scale, focusing on a classic price pattern called "Inverted Head and Shoulders." Inverted Head and Shoulders Pattern: This pattern consists of three parts, always in the same order: the left shoulder, the head, and the right shoulder. These can be sharp or rounded. Ideally, the shoulders should have symmetry, which makes the pattern easier to identify. The bottoms between the troughs form a recognizable trend line. Additionally, we have a trendline called the neckline, which acts as the current resistance line. Technicians refer to this line as the neckline. Ideally, the neckline should be horizontal. Chart Analysis: Upon examining the ANKR (ANKR) price chart, we can clearly see that this classic price formation is taking shape. The neckline can be found in price terms at 0.04881. The formation can span from weeks to months, making this more of a watch-list candidate than a direct trade. Moreover, the weekly 50 EMA is also moving downwards and is clearly rejecting the price, providing yet another reason to observe rather than to trade at this time. The pattern exhibits the necessary criteria and symmetry between the lines. Although we cannot predict when or if the price pattern will break out, we can certainly prepare for it. Conclusion: The ANKR (ANKR) weekly chart showcases a classic Inverted Head and Shoulders pattern with a neckline at 0.04881. Although the exact timing of a breakout remains uncertain, the pattern provides valuable insights into potential market movements. By closely monitoring the neckline and the downward trending weekly 50 EMA, which is rejecting the price, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards, Karim Subhieh
by KarimSubhieh
2
I would bet that the ANKR will not make a significant move nowIf it were up to me, I'd say the ANKR will move sideways (orange line). We'll see what the Shanghai upgrade to ETH does and what effect it will have on ANKR. Next up will be some news regarding TENCENT METAVERSE, who ANKR has partnered with and has already started distributing these tokens, which are not yet open to the public. We've already learned several times that news won't reliably keep ANKR at new levels, so let's trust that BTC and ETH will keep rising, which could mean a clear path for ANKR to the upside.
by ankr_evangelist
ANKRUSDT heading lower to next support zone around 0.0375ANKRUSDT has hit the weekly resistance zone. It is likely that it will be pushed down from here and price will head to weekly support 1 level as shown with path S1. There shall be a bounce from here as shown using path L2. However, in my opinion this support is not that strong compared to weekly support 2. Therefore, I am inclined to the possibility that price will break the first weekly support (weekly support 1) and head towards weekly support 2 zone. But that may change depending on how is the reaction of price on weekly support 1 zone. Therefore, let us focus on path S1 and we will then observe L2 to evaluate how S3 may look like. If we achieve step S3, then S4 should be a very strong bounce and the probability of that bounce being strong is very high. That bounce might pave for a higher high compared to the recent high.
Short
by angela_altair
4
NKRUSDT Collaboration with major player, technical signals LONG Hi traders, This analysis is my first for a crypto market for a long time since I am quite bearish on the whole market at the moment but I have decided to invest today in ANKR despite looking at the project, noticing the rising volume and seeing the chart I think it will go back to 0.18 USDT at least I have my s/l for the position just below 0.39 and will reopen when I see the market action but right now I think it's time for the price to hit higher barriers since the collaboration with Microsoft has been announced and correction is happening hitting resistance levels Also, see the 200 EMA on a daily chart- this is early signal of the trend change, anyway, have your s/l in place if you want to copy my trade and remember this is not a trading advise this is just an idea
Long
by lb-counts