Anker has been on a falling wedge putting in three higher lows in the W chart, and it is testing the top of the wedge once again. The important thing to watch here is the purple trend line, and purple circles. Strangely both lows of 2021 and 2022 fell on a Monday 21st just a month apart. After the purple trend line is lost, it has been on a mission to recover it. I expect a breakout out of this wedge soon to at least to test that purple line which happens to be exactly at the 0.618 fib. I do expect resistance around the 0.382 levels.
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So far so good! Heading into the 0.382 resistance levels.
hi there! i would like to point out, if you use scrom theory and apply either klonn lines or general outlier markers called 'sneebs' you might be able to grasp a better understanding of the price action to be expected. i put some klonns on your chart as a test and showed price action rather stagnant for the interim, but further examining it with some carefully placed sneebs i have determined this token will yield a moderate result but over a larger amount of time. if you would like to venture into the new world of scrom analysis i suggest you look up the TED talk on YouTube by Dr. Samuel Gupey, he really does a great job outlining the general ideas and characteristics of the scrom. good luck!
Great TA! This coin is so MAD undervalued! Better not to miss the train!
MindPoison
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@litketups94 I agree! Thank you so much for your support! 🚀
litketups94
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@MindPoison Hi, I found solid resistance is .057. So, Since Crypto market are overbought and extremely greedy. Do you think ANKR need to cool down to retest at .028 where broke out?
MindPoison
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@litketups94 Imo Yes and no. I have BTC pushing towards 78k before a nasty drop right before halving. If this plays out then It is possible for ANKR to reach my target (purple trend line - 0.618) around 0.068 then follow BTC pull back.
litketups94
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@MindPoison Interesting… .028 seems like too far away already. When your target reach then how much should pull back to? Need retest .048 for r/s or?