ANKR had 2 consolidation phases with the 1st one end of last year and the second one currently since April.
Prices tend to the end of this consolidation but nothing is confirmed yet. MACD daily turned green and some bullish volumes are coming in. Between current price and 8ct area should be seen as a buying opportunity to target 20ct as 1st (In breakout is...
The flag is currently longer than the traditional 3 weeks however this market is open 24/7, therefore I have factored weekends into the timeframe of the pattern, making this one still inside the limit.
This is more likely a flag than a channel as the run up previous was steep/quick and could be considered a flagpole.
Price has mostly...
Traders if you have been wondering what is going on in the market. Hyper Inflation ... aka wave 4/5
- Hyper Inflation empirically happens very fast.
- Research news about the current federal reserve situation.
- Double Bottom formation pattern.
- For a double bottom formation to be complete it must first must make a higher low.
- Second, make a higher...
Not a Financial advisor.
ANKRs previous high is .21. In the coming weeks I believe we can retest that.
Standard flag measurement gives me the pt of .30
MA's looking to cross over the next few weeks, as long as we see a break of resistance in the coming days.
RSI is at 53 on the weekly. Stoch is perking up an awaiting further action to the upside.
ANKR has finally closed above a key level of resistance on the daily chart. This is most likely a signal that bullish prices are in the future. Only level of resistance left to tackle is the 20 week SMA. Will update this idea as time goes on.