CharlesPark

ANT standing on the crossroad

Long
BINANCE:ANTUSDT   ANT / TetherUS
I'm bullish on ANT/USDT, but MACD doesn't agree with me.

1) ANT/USDT is making ascending channel and it is at the support trendline.

2) RSI is making bullish divergence , meaning that ANT/USDT is oversold. Blood is good fuel for bullish trend .
(price: higher low, RSI : lower low)

3) MACD , my favorite indicator, just made dead cross daily. That's bad!

So it is 50:50 for my favorite indicators.
But I bet on bullish trend .

For the price expectation, I copied previous impulse. (25 Mar '21)
I can expect the price to be $ 16 from $ 11 in short term.
If so, we can expect more growth because overall it'll be flag pattern .
Comment: ANT/USDT broke the support line and it was rejected from the support line, which means that the support became resistance.
However, I don't think that the trade is closed yet.

1) There is no sign of increased volume; breakout should be done with increased volume.

2) It is making descending wedge pattern in short term (4h temporal scale)

I'll update idea further.
Trade closed manually: ANT is weakened with recent BTC movement and went down further.

Comments

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