AKTIO/USDT : Buying area reached, bullish exit expected

------ Mid-term Analysis for the next coming 1 to 8 Weeks - Based on 3h Chart -------

AKTIO/USDT : Buying area reached, bullish exit expected

Context

AKTIO Coin is the native ERC20 coin from Akt . io app available since march on Apple and Google Store (Europe only for now) www.akt.io/
- The AKTIO Coin has been launched the 13/04/2022 at 1,09$ on Bittrex exchange (during the Paris Blockchain Week Summit), also accessible on directly vie the exchange on akt . io app. The price action of the AKTIO is positive and will become more and more attractive once it will be released on further exchanges & stacking solution soon (Summer 2022) regarding the road map, also the commercial success of the app will impact the coin price action with more and more users expected for 2022.
you will find more details here : www.akt.io/token-economics

Coin Market Cap (Supply) : coinmarketcap.com/currencies/akt-io/

Tokenomics infos
Vesting ICO participant (21 month - released every 3 month) - 18% of the total supply
Vesting reserved (60 month - released every 3 month) - 69,5% of the total supply

N.B: The total supply is 10x less than similar project such as Swissborg or Nexo and the progressive vesting schedule calendar will help the coin to progress step by step towards >10$ for 2022 in parallel of the users acquisition. On current level the coin is clearly under-value and offer a nice opportunity to enter in the trade.

Previous analysis (31/05/2022) :
Market configuration

- Graphical Elements :
Graphical Resistance = 3,50
Graphical Support = 2,20 & 1,88 & 1,09

- Mathematical Indicators:
EMA ( Exp Moving averages) are Flat and cap the market at 2,75 = Neutral
RSI indicator (below) is at 50% = Neutral

- 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 Triangle resistance = 3,50
Fibonacci Triangle support = 1,88
Fibonacci buying area (reached) is set at between 2,75 & 2,20 (to buy (C) wave bottom)
Fibonacci Exit Triangle exit target = 4,40 (intermediate) and 7,20

Conclusion

Prefered case => The AKTIO COIN is expecting to evolve in a ''Triangle'' trading range which correspond to a consolidation within a global crypto market in a bearish mode. As long as 1,88 remains support, the buying area is offering opportunity to enter in the range in order to anticipate a bullish exit towards 4,40 and 7,20

Alternatve case => The AKTIO COIN , by penetrating the 1,88 Support will develop a classic Zig-Zag consolidation pattern A,B,C opening 1,09 as a maximum drop potential before a new recovery towards the former top printed.