TradingView
Apollo_CB
Mar 9, 2024 7:05 PM

AKT flagging on fibs  Long

Akash NetworkCRYPTO

Description

AKT is one of my positions I recently got into a while back, I did post my exact entry point around 2.3$, I got a great entry and was able to diversify my AI narrative bet. With RNDR as my largest position I am happy to hold a different token that provides yield and is on Cosmos. With this RNDR pump and NVDA having crushed all other stocks, I think AKT will push here, this looks and feels like a flag, we could see 10$ much sooner than I initially thought.

-I am in no rush to sell here, the yield this token provides during a bullish market is outstanding
-This down trending stochastic RSI is aching to be broken, this flag looks very bullish
-I marked a potential flag projection target if we see some profits roll down into AKT (7.9$)
Comments
umiispam
don't you feel it's overbought, also divergence is present. rsi lower highs with prices having higher highs?
Apollo_CB
@umiispam, you could be right, but I've learned you cant treat crypto the same as stocks. Hype trains are immense in the space, RNDR having ran like it did and AKT lagging makes me think this thing explodes. Either way I am good since I do not use leverage and got a great entry.
More