Stoic-Trader

ANKR - Preparing another leg down

Short
BINANCE:ANKRUSDT   Ankr / TetherUS
In the 1-HR timeframe, after making a lower low without RSI Divergence, price began correcting forming a rising wedge pattern.

Therefore, my expectation is that we will have another leg down to retest the recent low at 0.2531.

There could be a fakeout above trendline resistance, but if it happens, I expect it to fail. My trade triggers would be a break below trendline support or recovery from a fakeout.

📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)

linktr.ee/stoic.trader
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.