The next Shiba INBOUND??? AKROPOLIS :O
It's been a long time since I have last posted a trade set up. This is a trade set up with some speculation involved. I have to say, I was scrolling through the charts and stumbled upon Akro/usdt and this chart looks so fucking gorgeous. I'm getting a hard on looking at it as we speak!
I am not giving exact prices on what we could see next but I would not be surprised with the way this is priming up to be if we end up seeing all time highs again. This is the weekly time frame on the Log scale so we have a clearer depiction of this asset. Over the past year and a half to two years we have seen more accumulation than anything.
With a whopping 58 million trading volume a day right now which exceeds my personal requirement daily volume of 1-2 million before looking at an asset, I have really grown an interest in this asset. It does not take a skilled swing trader to be able to open this up and just alone see the amount of accumulation that has been going on for over a year now. Top that with experience and education and you got yourself a lot of coinciding variables on why this asset may be primed for some serious gains aside from news on this asset of course.
I am taking a bet on this asset as we speak. The current state of the market is in perfect conditions for any assets showing this on charts right now.
We are currently sitting above that golden line which represents our current support or resistance depending on how you look at it. We have yet to close a weekly candle above that line but give it time and I think the chances are pretty likely if I were to say so.
We have Hidden bullish divergence still playing out that has formed over a course of months and have also just recently formed bullish convergence on the RSI and the MACD.
We are also floating around the bottom of an uptrend that has been going on for a while now.
Look, I don't expect this to play out for exponential gains tomorrow or anything but I think this asset is primed for something great over the course of a few weeks to the next few months. I can't tell you if its going to play like $Shiba and end up at a mere 30 plus billion dollar market cap but I can say this asset looks really good right now for opportunists wanting to get themselves into an asset that has performed alright since inception and has proved time and time again of desire. It may not look like it now but this asset is showing desire given the accumulation over the past year or so.
I am not giving exact prices on what we could see next but I would not be surprised with the way this is priming up to be if we end up seeing all time highs again. This is the weekly time frame on the Log scale so we have a clearer depiction of this asset. Over the past year and a half to two years we have seen more accumulation than anything.
With a whopping 58 million trading volume a day right now which exceeds my personal requirement daily volume of 1-2 million before looking at an asset, I have really grown an interest in this asset. It does not take a skilled swing trader to be able to open this up and just alone see the amount of accumulation that has been going on for over a year now. Top that with experience and education and you got yourself a lot of coinciding variables on why this asset may be primed for some serious gains aside from news on this asset of course.
I am taking a bet on this asset as we speak. The current state of the market is in perfect conditions for any assets showing this on charts right now.
We are currently sitting above that golden line which represents our current support or resistance depending on how you look at it. We have yet to close a weekly candle above that line but give it time and I think the chances are pretty likely if I were to say so.
We have Hidden bullish divergence still playing out that has formed over a course of months and have also just recently formed bullish convergence on the RSI and the MACD.
We are also floating around the bottom of an uptrend that has been going on for a while now.
Look, I don't expect this to play out for exponential gains tomorrow or anything but I think this asset is primed for something great over the course of a few weeks to the next few months. I can't tell you if its going to play like $Shiba and end up at a mere 30 plus billion dollar market cap but I can say this asset looks really good right now for opportunists wanting to get themselves into an asset that has performed alright since inception and has proved time and time again of desire. It may not look like it now but this asset is showing desire given the accumulation over the past year or so.