AKT was a premium purchase in the weekly demand zone, I did oblige. Here we see short-squeeze god candle, my favorite. My medium term target is 7.9$ remains. Lots of resistance around 6 - 6.2$ though.
This is a very nice looking chart to me. Akash recently broke above a price high from 2 years ago and pulled back nicely to the 21 period MA. The rounded shape of price action over the last couple years looks very nice & is likely to continue quite a bit higher in the coming months. The long top side wick on the current candle (Apr 23, 2024) is a bit of a...
Akash Network (AKT) - has been on a parabolic run this year and has performed very well. Price has managed to hit an all-time high of: "$6.50"! Bears currently atm have driven the price down past support at $4.90 which put's AKT at a major risk if the price continues to plummet past bellow: $3.35 zone. 🟢Line of Support Zone= $3.35 - $3.66 🔴Line of Resistance=...
AKT like many alts is forming or has formed a huge cup and handle. This price action is wild to see, the same draw down that happened before the last crash happened all over again. The crash dip was an 46% move, the dip we just saw was 37%. If we retrace all the way back to the golden fib we have another 20% downside. My short-term target remains in the sevens....
AKT is in the demand as well, the patient win the long race that is the marathon of longer term trading/investing. -A flush to 3.8$ is possible -We are in the buy zone that is stronger than the other charts I have posted demand wise
I thought I would summarize the information I gathered on the AKT Market. Looking like another very clear trendline bounce with the current doji placement on the 1 day chart, as well as the heavy hard red SMMA Bounce and uptrending then going back to a Yellow line bounce.
As you know I love these wedge contractions with a resetting stochastic RSI, these usually lead to an upward move, or a flush before an upward move or consolidation. What next: -Do we explode upward? stochastic RSI and price action contraction point to this -Do we breakdown, the local demand is very far away and BTC has corrected a bit finally, this points to...
As with my near chart I am adding demand zones buy dcas, I thankfully added a decent amount of stables this last big pump to prepare for this impending crash. -4.4$ will be the start of the dca
AKT is one of my positions I recently got into a while back, I did post my exact entry point around 2.3$, I got a great entry and was able to diversify my AI narrative bet. With RNDR as my largest position I am happy to hold a different token that provides yield and is on Cosmos. With this RNDR pump and NVDA having crushed all other stocks, I think AKT will push...
AKT printed an extremely bullish candle today slamming the momentum trend line with defiance. I expect this to be the start of a huge run here with NVDA hype maintained. There is little resistance until 5.5 and then its price discovery. A while back I split some of my RNDR bag into AKT to diversify a bit, I am partial to tokens within the cosmos ecosystem so I...
AKT rockets back to trend, a short-term target of 3.67 arises, and then no resistance until all-time-highs. I believe we will be in price discovery a lot sooner than people realize. Another daily candle or two will really confirm this narrative.
As the market reverses, AKT is a clear leader of the larger market cap tokens. AKT pushes once again for the golden fib and reaches for the previous trend. I love to see this kind of reversal on one of my larger holdings. AKT is a top 5 holding for me fighting with Pendle on a day to day basis for that spot. I have the token staked and plan on holding it for this...
After the market bleeds, it pays to see which altcoins pump the most. AKT is a position I added late December/early Jan and I remain long-term bullish on it. I expect a push through the teal trend line and golden Fib. If AKT can take the golden fib the confirmed bullish momentum will be on deck. AKT rejected the golden fib a few times already, the more attempts on...
Sitting in stealth mode on low-key exchanges. I started tracking this back in October. You can see how bullish the RSI has been and does not waver to oversold too much, because people that own this know. Looks to be in a broadening pattern. Strong token! If you own it, do not bother selling until at least 200.00.
AKT is currently testing momentum on the very important goldlen .5 fib. If this can be tested a few times and flipped to support the bullish trend will be strengthened and continue. I recently swapped my sol into akt around 2.3$ ish. I plan on staking and holding this for the impending BTC bull run all year.
If you have been following alone you will know I flipped bearish on Solana and sold out. I recently added AKT by selling some of my RNDR back which is up 500% from last year, and additional funds bridged from Sol. I saw that as RNDR lost steam, AKT was standing strong. I had been wanting to build an AKT position for over a year and saw strength against weakness...
AKT is a play I have been thinking about jumping into for a while, and during this market crash its one of the only tokens holdings strong. This is the buy signal I needed, I might be selling a portion of my RNDR into AKT because of this. AKT is a bit of a different tech setup that focuses on computing resources but is still equally important.
AKT on strong momentum attempts to flip this important green fib into support. The teal line is monthly resistance that was recently overtaken. I like profit taking into the cosmos ecosystem as I can easily move to many other chains on chain without CEXs, I expect this token to continue the overall momentum. I marked my next two price targets from historical price...