Hello Traders and Cryptocurrency enthusiasts,
Today we have $ANKR Network Token, a decentralized node hosting and staking platform for almost every blockchain.
Technical Analysis:
Here I believe we had a slight pull back after the correction as people continue to try and get the 'bargain' price.
I had shorted my original position and have now accumulated some more $ANKR tokens as well during this correction, which has been quite nice.
I believe based on the crawling Stochastic RSI reaching above the levels of 32 on the buy signal and the MACD on the 45m chart, we will see at least a short term long here.
As you can see the Stochastic RSI is increasing along with the MACD at the current levels of (-0.00068115) getting close to a convergence (signaling a reversal) when it should have gone bearish, this normally has indicated to me in the past about when something is going to potentially rise if it breaks the resistance of .15.
Also looking at the 12h chart we have bottomed out for a little while now indicating that we are nearing a break-out.
This is not financial advice and please do your own research but overall, I am LONG on ANKR and believe we will see a new ATH very soon.
Fundamental Analysis:
ANKR Network is a cloud computing company that provides hosting solutions for various use-cases involving blockchain technology.
For instance, one of the new features that I particularly like (and why I think it is good to hold on to at least 25,000 of these tokens) is that you can now use ANKR tokens to run an ETH validator node and receive ANKR as rewards.
This basically gives anyone access to Ethereum validating and allows anyone to delegate to your node as well.
I hope this provides some insight on why I am still LONG on ANKR after the correction, as I also believe we are in the next wave of the Elliot Wave and potentially could reach the next ATH.
Coins like this that are in high-demand have a tendency to get a lot of pull back due to market manipulation until all of the whales have accumulated as much as they can, their goal is to try and make people panic sell, where they then eat up the low priced tokens, and eventually they let it ride once they have accumulated enough.
I've seen this pattern many times, specifically with 'The Graph Network Token' in comparison which had a lot of pull-back before finally shooting up to an ATH of around $2.30, then pulling back and correcting again.
If this helps anyone and you would like to send me a tip, feel free to do so at the following addresses.
Ethereum: 0xc7AF3A6f62066577C98Fdb3c119dE746df5e7B16
ANKR: 0xc7AF3A6f62066577C98Fdb3c119dE746df5e7B16
Bitcoin: 3GfveQJm1pD9gzodbJMmbHUvxKE8DkEZ3M
DOGE: DCoKzg4w3rQ214pCTticpESpoEp6Qyz4PY
DOT: 16Jhiqsp7CoqeNgSP5rUrrguuYoBJ1VrcsrcrDfZs7DzXMNh
ADA: DdzFFzCqrhskn5Cs23cUFskLKxAVskewLn5o6h7ZYTLSHwtTFGkv9TS6HiUqJ97teSQHLmmQwFt3bkQMg94s5sKRt4TDt8rBYmYmrVzA
Today we have $ANKR Network Token, a decentralized node hosting and staking platform for almost every blockchain.
Technical Analysis:
Here I believe we had a slight pull back after the correction as people continue to try and get the 'bargain' price.
I had shorted my original position and have now accumulated some more $ANKR tokens as well during this correction, which has been quite nice.
I believe based on the crawling Stochastic RSI reaching above the levels of 32 on the buy signal and the MACD on the 45m chart, we will see at least a short term long here.
As you can see the Stochastic RSI is increasing along with the MACD at the current levels of (-0.00068115) getting close to a convergence (signaling a reversal) when it should have gone bearish, this normally has indicated to me in the past about when something is going to potentially rise if it breaks the resistance of .15.
Also looking at the 12h chart we have bottomed out for a little while now indicating that we are nearing a break-out.
This is not financial advice and please do your own research but overall, I am LONG on ANKR and believe we will see a new ATH very soon.
Fundamental Analysis:
ANKR Network is a cloud computing company that provides hosting solutions for various use-cases involving blockchain technology.
For instance, one of the new features that I particularly like (and why I think it is good to hold on to at least 25,000 of these tokens) is that you can now use ANKR tokens to run an ETH validator node and receive ANKR as rewards.
This basically gives anyone access to Ethereum validating and allows anyone to delegate to your node as well.
I hope this provides some insight on why I am still LONG on ANKR after the correction, as I also believe we are in the next wave of the Elliot Wave and potentially could reach the next ATH.
Coins like this that are in high-demand have a tendency to get a lot of pull back due to market manipulation until all of the whales have accumulated as much as they can, their goal is to try and make people panic sell, where they then eat up the low priced tokens, and eventually they let it ride once they have accumulated enough.
I've seen this pattern many times, specifically with 'The Graph Network Token' in comparison which had a lot of pull-back before finally shooting up to an ATH of around $2.30, then pulling back and correcting again.
If this helps anyone and you would like to send me a tip, feel free to do so at the following addresses.
Ethereum: 0xc7AF3A6f62066577C98Fdb3c119dE746df5e7B16
ANKR: 0xc7AF3A6f62066577C98Fdb3c119dE746df5e7B16
Bitcoin: 3GfveQJm1pD9gzodbJMmbHUvxKE8DkEZ3M
DOGE: DCoKzg4w3rQ214pCTticpESpoEp6Qyz4PY
DOT: 16Jhiqsp7CoqeNgSP5rUrrguuYoBJ1VrcsrcrDfZs7DzXMNh
ADA: DdzFFzCqrhskn5Cs23cUFskLKxAVskewLn5o6h7ZYTLSHwtTFGkv9TS6HiUqJ97teSQHLmmQwFt3bkQMg94s5sKRt4TDt8rBYmYmrVzA
I think we are nearing the breakout in the next upcoming days.