ANT is trading inside a massive channel for a couple of months now. During the latest BTC dump ANT made a new local low and constructed said channel.
Currently, ANT is seeing a decent up trend. I think ANT is slightly lagging behind, there are more gains to be made here.
This is a personal research and idea for investment. DYOR and TIT...
This is Aragon $ANT token on a weekly chart.
This is a mid-term pattern that probably will develop exponentially growing price action as it starts to close. I'm calling it early as consistent with Parabolic Curve Theory (PCT) and am very conscious that events like news...
Looks like Aragon (ANTBTC) is in the process of confirming a higher low... This is great.
Higher lows tend to lead to higher highs, which means higher than the 5-Feb. peak (marked light green).
You can find the targets and additional details on the chart.
Thanks a lot for the support.
53% reversal done between april 6 to 23
support range at 7.7 to 7.0
28% gains until next resistance range at 10.3 from 8.07
stop loss at 7.5
side ways movement from 8.3 to 7.5 range could downward squeeze
side ways movement from 8.3 to 9.5 range could upward squeeze
After BTC's most recent dump, it appears that ANT has found a strong support around the $7.5 area, constructing a new channel in the process. Since crypto is seeing a strong rebound at the moment, I'm betting that ANT will be going up for the near future, potentially making a new ATH in the coming weeks.
Over the course of a week, ANT has formed a strong triangle pattern with the occasional major pump. Looking at the market currently, I think that we will see a major break out of this pair soon.
Now would be a great time to enter since the price is residing at the bottom of the triangle, waiting for the next pump.
Technically, we are still in a Bullish trend!
However a powerful resistance area has obviously tested many times!
I believe It will break the resistance and goes higher but it's just a prediction!
If just like me, you bought the coin around 5$ hold it! if it breaks the trend line down sell it and if it breaks the resistance area then hold it to the next...
During yesterday's most recent fall, ANT found support on the lower support of the triangle drawn on the chart. With Bitcoin's outlook looking relatively bullish in the short term, I can see ANT breakou t of this triangle.
In case of trading the breakout, wait for confirmation of the trend.
ANT has seen a massive increase in value over the past few days. After failing to beat the local resistance of $6, a minor sell-off has occurred. Looking at price action, volume is flowing in and bars are getting bigger. This is for me an indication that ANT might be loading up again for a new bullish push towards the $6 level.
Before entering this trade wait for...