ANKR ~ 1W 📈
#ANKR This is a Support Zone that has been successfully retested. It seems quite interesting to make small purchases here with a minimum target of 20%+ 🚀
Please refer back to my first #ANKR setup post to understand this chart better.
After a break out and almost touching the (purple trend line) It has met some resistance along the way which is completely normal. I do like that it is trying to hold support right on top of $0.04855 yellow resistance line. If it pulls back here are some areas I will be watching for.
Anker has been on a falling wedge putting in three higher lows in the W chart, and it is testing the top of the wedge once again. The important thing to watch here is the purple trend line, and purple circles. Strangely both lows of 2021 and 2022 fell on a Monday 21st just a month apart. After the purple trend line is lost, it has been on a mission to recover it....
The price of the ANKR approached to a strong liquidity zone. But even on the news of Microsoft and ANKR's cooperation, the ANKRUSDT price failed to break through it.
You believe that the growth of the ANKR price is not over yet and want to buy it? Then it is better to wait then the ANKR price will break up and consolidate above $0.06 , then you will be more...
Today, ANKRUSDT is trying to break through the trend line for the second time, which indicates a yearly downtrend.
The previous attempt by ANKR buyers to break through the trend line failed in August 2022 and after that, the price fell by another -60%.
Now it's too late to enter the ANKRUSDT long, it's better to observe the price behavior.
If the buyers of...
Welcome folks to my new update on ANKR/USDT. To analyze this chart, I am gonna use a higher time frame of 2 days.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own...
BINANCE:ANKRUSDT
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Thank you.
Possible Targets
➡️Interest zone is under the fundamental price (VPVR indicator)
➡️Held the uptrend support line - bullish
➡️Possible move down to 0.07900 retest and touch RSI bottom...
Looking at ANKR are on the 4hr chart price has made a large correction form a previous ATH
to a fib support area where a clean double bottom has been made,
price approached this area structurally with a descending channel with a 123 touch formation,
after the third touch price made an impulsive move to the upside and is currently making a
flag correction...
