Last time we looked at Akash Network (AKTUSD) was on August 22 2023 (see chart below) and it followed our pull-back buy approach precisely, hitting our 2.8000 Target with ease: The coin has again started to draw attention as it broke above its 1D MA50 (blue trend-line) for the 2nd time after the bottom on the Higher Lows trend-line of the 1-year Channel Up....
AKT is prepping for a huge move as I look back on my old cup and handle setup from a while back. The upside projection remains between 7.9$-12.1$.
AKT is pushing for all-time-highs on this enormous cup and handle that I have been posting. This reversal was perfect in the white box, a dip into the demand zone is noted on the flush out. My short-term target of 7.9$ remains. A very aggressive change in the stochastic as it coils on the upward move, I believe leg two is in a few days.
Triangle Pattern Alert: AKT's price action within a triangle pattern on the 1D chart suggests a consolidation phase nearing completion. Resistance Retreat: The recent pullback from the overhead resistance trendline indicates potential challenges ahead in breaking higher. Bullish Reversal Signals: A 14% jump in the last 24 hours marks a bullish reversal,...
Akash Network is an open network that lets users buy and sell computing resources securely and efficiently. Purpose-built for public utility. Leveraging the power of blockchain technology, Akash Network has developed an open-source, decentralized marketplace for cloud computing, offering an unprecedented level of speed, efficiency, and affordability. Anyway, AKT...
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...
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.
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...