Bearish momentum is slowing down and ANY has now bounced off 200MA which was also a previous area of strong support (3.50-3.55) back in August. Expecting bullish momentum as we push forwards with the merger and bitcoin price continues to rise.
Any has been in a long period of consolidation after its run-up to 12 in early September. Now the 50-day moving average is about to cross the 200-day moving average on the weekly time frame and this chart pattern is known as a golden cross. With merger news right around the corner and this 2 months long consolidation period, I think we are primed for movement...
In the past few months, Any has seen 2 major spikes. Each spike occurred after the stock price reached the upper resistance trend line and dropped down to its major support on the bottom trendline before ripping. Right now we are seeing a very similar setup. On the 25th, I expect this to see $6 due to this bearish momentum we are seeing today as it carries on to...
A heavy turn towards the crypto sphere (And crypto looks promising despite china ban), merger with Gryphon digital mining, the rumor of Elon joining the team (which is already stacked), Technical support around 5.80-6 region, and momentum turn after being arguably undervalued at $2-$3. The trend has been bullish since May 24 2021 and I could see this continuing....
