ANKRBNB 1D Long - On a bullrun

An idea of BINANCE:ANKRBNB's next steps.

Comment:

W - Weekly time frame

Correlation (looking back)
The RSI shows that there was a strong moment of being overbought before the drop happened.
Both the RSI and the Stochastic show a divergence, which actually was a signal of this steep drop.

Stochastics
Stochastics move somewhat like sinussus, it goes up and down when the units are overbought or oversold.
Confirmation 1: The %D line (orange) is clearly crossing and going underneath the %K (blue line), which is a buy signal in general.
Confirmation 2: Stochastics are still relatively low (25 or so) which gives us a buy signal as well.

RSI
Confirmation: The RSI shows a tiny blue line favoring a starting uptrend, a buy signal.

Trade active:

24th of november 2020
Timestamp: 2020-11-24 14:07:16 UTC+1
Price: 0.0002997
Amount: 1,007