ANKR / BTC To me the whole market looks toped out. Most altcoins had a top and now trending down. Many charts look the same and most of them making lower highs and lower lows. Thats a down trend to me and nothing to be bullish about at all.
Volume are the fuel to drive the market/price higher. And now the volume is low and i not expect anything dramatic to happen. BTC controls it all so my advice are to keep an eye on BTC before buying alts at this moment. BTC dominance might be to help to look what direction the altcoins are trending.
I made a ANKR chart just now and it starts to look nice. But i want to see a daily close above 116 sats before i buy this one.
This are just my opinion right now please do you'r own research ,)
ANKRBTC trade ideas
ANKR is trying to beat the downtrendIt created new support which I showed with green. I expect it to see the upper channel resistance first (which is around 114)
If it breaks it with good momentum ( also with the support of the BTC) It will reach 134 and 156 respectively to form a cup.
So here are my targets:
TP1:114
TP2:134
TP3:156
ANKR/BTC (Potential Bullish Pattern?)ANKR/BTC
-The short term trend is down
-The price is making a series of lower highs & lows
-But this pattern is Bullish on the technical side
-ANKR bounce off at 100ma support and 0.5 Fib level
-This is a sign of strength which could lead to a potential breakout
-Conservative traders will wait for the confirmation break
-While aggressive traders will enter on support retest
-It all depends on your risk appetite on the market
-My only advice is to use a proper stop loss area
-And always follow your trading plan
ANKR Forming a Bullish FlagReally important to me Please support my work by like or leave a comment
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Described on chart...
GOOD LUCK AND PATIENCE