Please refer back to my first #ANKR setup post to understand this chart better.
After a break out and almost touching the (purple trend line) It has met some resistance along the way which is completely normal. I do like that it is trying to hold support right on top of $0.04855 yellow resistance line. If it pulls back here are some areas I will be watching for.
Seems Like Already Prepared For Decent Recovery
Formed Descending Channel In 3 Days timeframe Incase Of Breakout expecting 280 to 300% Bullish Move Keep Eyes On Ankr For Breakout
consolidating In Descending Channel Since Long time
Now Again Expecting Trendline test and IF got cleared expecting 200 to 250% bulish Move
Entry Would Be valid After Breakout Below Black Line Looks Like Good Risk reward ratio Trade Is Coming
sorry for rough explanation, but more clean videos to come. this is my opinion and speculation on Ankr and a little on how I trade and some indicators. ***NOT FINANCIAL ADVISE***
