------ Mid-term Analysis for the next coming 1 to 12 Weeks - Based on 3h Chart -------
AKTIO/USDT : Bouncing off buying area
Context
- (APP) Akt . io app available since March 2022 on Apple and Google Store (Europe only for now) akt.io/ - (COIN) The AKTIO Coin ( native ERC20 coin from Akt . io app) has been launched the 13/04/2022 at 1,09$ on Bittrex exchange (during the Paris Blockchain Week Summit), also accessible on MEXC Exchance since JULY 2022 and directly vie the exchange on akt . io app. - (TOKENOMICS) : https://www.akt.io/token-economics
NEW RELEASE (From September until the end of the year)
1. pre-order Visa Cards & book membership ---- PSAN (French crypto firm licence) ---- French Market Penetration 2. app update with new display 3. Pay with Visa Card (it is now a neobank)
Market configuration - Graphical Elements : Graphical Resistance = 2,90 & 5,90 Graphical Support = 1,09 & 0,50
- Mathematical Indicators: EMA (Exp Moving averages) are being challenged = Bullish RSI indicator (below) is above 50% with divergence = Bullish
- Elliot & Harmonic Wave (Fibonacci): A complex range pattern in ''Triangle'' is in progress - the triangle is in orange and develop a a 5 wave sequence (A),(B),(C),(D),(E) Fibonacci bullish resistance = 2,04 Fibonacci Triangle support = 1,09 Fibonacci buying area (reached) is set at between 1,49 (to buy (E) wave bottom) Fibonacci Exit Triangle exit target = 2,90 before 4,25
Conclusion
Prefered Case => As long as 1,09 remains support a recovery towards 2,04 is expected before a larger upside move towards 2,90 and 4,25