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.
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.
Trade closed: target reached:
Another success. Had a few scares when prices retested that 0.786 Fibonacci support, but they quickly recovered. No Stop Loss gang.
Trade closed at 0.01862. Or above 120% above the entry point.
Trade closed at 0.01862. Or above 120% above the entry point.