Looking at ANKR are on the 4hr chart price has made a large correction form a previous ATH
to a fib support area where a clean double bottom has been made,
price approached this area structurally with a descending channel with a 123 touch formation,
after the third touch price made an impulsive move to the upside and is currently making a
Hello everyone and welcome to my analysis of ANKR.
First of all I would like to point that ANKR to BTC made a new ATH after which it found resistance at 141.8 FIB from where we had a pullback, now I will try to find where we may see a support on ANKR USD pair and where is possible good opportunity to buy. First looking at last rally I would like to point out that...
ANKR / BTC
Accumulation zone reached ...
From this area price moved in past from 15 sat to 156sat (About 940% gains !)
2 Secnario for this strong fundamental coin :
1- bullish wave already started as we can see bulls try to pump it (or test pump👀)
2- the price will go again to accumulation zone or little below for hunting stoploss then moon after
ANKR / BTC
price dropped again to weekly support
Falling wedge spotted
These are Bullish Signs but not enough
Take into consideration
this is low satshi coin = mean pump is hard due to heavy sell orders placed
Also its x6 times it visits this support = bulls exhausted
Not a buy area until the bulls prove them self here with strong bullish signs and...
ANKR is looking to buy here. The coin at major support and bounced back from there. We will see a retest of the downtrend line. Use tight stop loss below the major support level.
Buy Zone: 51-53
Stop Loss: 44
Ankr reached its strong weekly support around
Today with eth news ..strong pump and potential breakout happened on 4 h frames
Is this pump legit ?
If the price can hold above the trend next few 4h candels we can see next targets easy in chart (orange lines)
Market in high volatility now because US election so take care and do proper stoploss if want to buy
Ankr/btc is currently in ascending channel pattern
Which is bullish forming it since 40 days
The lower trendline of channel should make the price bounce and the bulls will try to protect this area
But if failed by daily close candel below it this is bad to ankr and may lead to return to key support again 43-46 sat
On the other side if the bulls successed to...
After a small retrace, ANKR is good to go.
We found a solid support at around 100-110
MACD reversing on the 6 HR timeframe. The RSI rise again. We had multiple support rejections.
If we do not go lower than 95-100 we should be safe.
BUY zone 110