wave 3 incoming! after the collapse of UST , Anchor protocol lost over 3billion dollars!! and as a protocol it went down 95%!! Do Kwon introduced new token but still silent about Anchor ANC's owner is silent as well except he said he's wrecked and nuked! and aimless but hoping for sunnier path ahead there's a chance for it coming back!! as they hold avax,eth,bnb in their reserve as well Do Kwon ditched UST and now it is just a meme coin it is very likely anchor will list new token Luna Classic soon! and people will fomo buy it and support Terra! that will make ANC PUMP somebody bought a LOT of ANC at the bottom!!! ANC as per technical point of view it is extremely bullish soon Anchor wallet holders will be addressed and anchor might recover after that!! 80% chance it'll reach the followings target in a week or so!! it is on bullish Elliott wave 2 out of 5
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might break upwards squeezing and tested so many times
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awaiting breakout
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against BTC it is still in the triangle will break soon
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after a whole week of silence Anchor asked publicly on twitter that: "If Anchor re-launched offering a market leading APY on USDC or USDT, would you use it?" which means that they will ditch ust and might come. back with USDC or USDT anchor recently retweeted terra's new plan which represents they're still part of it and it is really bullish stuff as they're still ALIVE for starters and i had a doubt that terra might ditch them but now that's highly unlikely so that makes huge possibility of them listing Luna Classic along with USDC/USDT and 18% API along with it is the embellishment! if they do that i'll be holding it for long even in the bear market
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if that happens and they come back and people start trusting them for long term this target can be possible if their new plan sustains
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RSI 👀👀
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anchor update 30mins ago "There are a few key teams building faster and more prudently than before. They took approx two hours off during the apocalypse and are now possessed by a chance at redemption. It’s a reckoning they’re after."
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pro: ascending channel in rsi and descending channel in chart con: in 30min big green volume on top pro: BROKE THE RESISTANCE! (fakeout or break out? :/) con: EMA still down 75% bullish case
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Golden Cross tomorrow if it stays here or above
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gave 45%-170% returns during previous 4 golden crosses
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77% down from 1st wave top if it goes down below 80% from 1st wave top then it'll kinda invalidate wave 1 and it touched the support level of that zone
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previous 10months currently below support tested 16times this week completion of bearish wave
Trade active
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as suggested yesterday, made golden cross today and did 2.2x and most likely correction is completed now(13cents right now) here's the possible case scenario as per recent luna 5wave structure path is traced possible short term 2x from here SL below 10cents """NFA""" high risk high reward trade warning
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so far so good
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78% chance it'll break this resistance upward
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possible upcoming wave structure (traced on previous chart)
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so far so good
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symmetrical triangle high chance of bullish breakout
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NEW POST ON ANC possibly broke bullflag upward👀
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following that path
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following the path 👀
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so far so good
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accurate
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possible upward breakout
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possibly bearish RSI decending
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bearish as suggested
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rising wedge
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possible breakdown and pullback bearish signs all over it 66% chances of a new bearish trend
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possible falling wedge
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still on bullish big ascending channel
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30mins moving average and this ascending channel support is crucial for 35cents target, else wont achieve
the pump came with the parallel channel's top target
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massive volume on top+ bearish divergence!
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BEFORE AFTER updated here about cup and handle scenario 2x 23hrs ago that was the chart i attached: as per that scenario, it did 2x 😍😍 sometimes all you need is a larger timeframes and tea
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its near short term entry points I wont trade it for at least this week though
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head and shoulders scenario where it goes back below 11cents👀 (60% success)
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below 24cents as speculated! wait!! more downside is possible before 28tth may
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Here’s an update on anc after 107 days of triangle as updated previously when btc was at 22.3k and speculated bottom near 19k now we're finally seeing some strength here let's see where it breaks massively and mirror protocol will follow too! Here’s 107days of triangle in attached pic please note that before final wave 5 (47k,70k) btc could first do abc correction from here and we just made B so double bottom 18k with bullish divergence is possible but at this point, my primary scenario is bullish for btc and at least 47k should hit this year even if we make a C wave down and if ancbtc breaks above it can give solid gains against the btc pump
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2.6x target achieved against btc pair! please check previous update for context
i don't think its bearish. long 4h trend broken upwards. may be cup and handle on 1hr. target looks like .52 but depends on btc and luna movements
ishanwalia
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@NoyanKing, comment was only for 1min chart also for now i think it is bearish for next 2hrs at least bcos buyer's exhausion is there current 0.208
ishanwalia
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@NoyanKing, also consider it an exchange token volatility if luna is doge then this one is BNB if doge pumps BNB follow
ishanwalia
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wave 2 RARELY retraces 100% but MOSTLY retraces less than 80% so, below 246(in ANCBTC pair) is 80%+ retracement which WILL make it highly unlikely for next wave 3, so far it retraced about 73% from wave 1 top there is 72% chance of next wave 3(as this chart is for short term BTC downfall can wait that long most likely although we saw little dump in BTC and rise in BTD which fd up alts upto 20% but even now there is high possibility of bullishness here)
NoyanKing
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its getting ready for second rally to 1 .25 dollar