ANKRBTC is testing the 4h resistance inside a falling wedge.
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 structure.
ANKRBTC Formed beautiful double bottom, which followed by structure breakout with higher low.
We may be ready for the next big move up, let me know what do you think?
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a...
ANKR has been playing within a range for a very long time. It is safe to buy it at the bottom of the channel,
If ANKR breaks the bottom on the channel then SL to be set upon retest.
If ANKR plays the range again, then I'm selling the top of the channel.
If ANKR breaks the top of the channel, then I'm re-buying the retest.
My previous entry for ANKRBTC two days ago went well as expected; filled at 215 sats and exited with 10% profits. Now ANKR is edging down further and with BTC expected volatility either way, I am placing bids at 185 sats while I see a potential of going down to 170 sats too.
It is straight forward, triangle got broken down, channel 'square' broken down too with...
ANKR broke down from the triangle after a very long time maintaining that support and bouncing within it.
Considering the delays of fundamental news to support ANKR bounce from here, considering BTC.D BTC Dominance increase and lastly considering BTC volatility in the coming day: I have placed a bid at 215 sats; measuring the triangle height and applying it from...
Had to liquidate few positions earlier than targeted, doubled my ANKR bag for all the fundamentals in store and yet to be announced.
Technically ANKR remained in its bullish FIB channel and accordingly 497 sats should be a target within reach over the coming few week.
A quick observation on ANKR/ BTC pairing which looks like it has formed an Adam and Eve double bottom on the 4hr chart. It has broken out of the neckline of the pattern. This idea is a bit of a late call but if BTC STOPS bleeding for a while :p maybe we can see it pump 18% from where its at the time of publishing is idea.
I like the project, I'm not sure I like the ANKR charts.
It seems like there is more risk on the downside than there is reward for the upside.
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed...