As bitcoin rallies closer to its ATH understandably its dominance will increase at first. However, the momentum will slowly start shifting towards alt coins as profits are moved over. AKRO seems to be holding its value against the dollar however, is kept moving into this long term resistance performing against BTC. I expect when this long term pattern is finally...
Akropolis (AKROBTC) bottomed out in January 2020... You know what we say, "once you hit bottom, the only place left to go is up".
True enough, Akropolis went on a 7000%+ bullish wave that peaked this past August.
After several months of correction, strong correction, early signals are showing the potential for a new bullish wave.
AKROBTC Chart Signals
AKROBTC is testing the daily resistance after the breakout from the Bull Flag.
If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
Normally I don't look at BTC pairs too often, unless a nice opportunity presents itself. Today, I'm looking at the AKRO/BTC pair.
Recent price action is suggesting that the bottom support of the triangle held and functioned as a spring for the value to go up again. Obviously, BTC will need to remain relatively stable (read: not crashing) in order for this trade...
Secondary trend. A falling wedge has formed in this trend. At the moment, there is a breakout of its resistance (potential reversal of the secondary trend). Working with the goals of a given formation. Level zones are shown in the graph.
Coin in the coinmarket; Akropolis AKRO
Loading AKRO as marked in light blue, and laddering bids to load much more ambitiously as marked in dark blue. Why?
1) only 8% AKRO available on exchanges. High outflow of AKRO from exchanges over the past weeks since the dip.
2) Only $56M Market Cap. Fully diluted $83M
3) Price is only 50 sats, very cheap and at a record...
Overcoming the pivot and maintaining the level looks very positive for the trend. However, Wave 4 is still not finished and may go deeper. But it must not close lower than wave 2. This would follow the slide and onto the new low.
The EMAs are so close together now, I think there's going to be impulse movement either way up or down.
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at...
AKRO is of the coins that I grew to hate over time as I was never good in catching its pulse and pump. I either miss it, or stay too long after the party. If AKRO decides to finally shake that butt, conservatively I’d expect gains of 50% entering at 100 sats and exiting at 150 sats.
How are your trades with AKRO? And where do you see it going?