Ankr technical analysis is straightforward; almost. An impulse upward wave is followed by a corrective downward wave. After the corrective wave finished at Fibonacci retracement of 0.5, the price broke the downtrend line and it seems the next impulse wave has started. It is worth mentioning that Ankr has partnered with Microsoft, so there is a bright future for this coin. Let's see what happens.
Note
It seems a Head and Shoulders pattern is forming in Ankr chart. Let's see what happens.
Note
So, Ankr reached the major horizontal resistance area on which Ankr bounced off several times. If Ankr wants to go higher, first have to break this area. Let's see what happens.
Note
So, Ankr finally broke the major horizontal resistance area. Ankr probably goes up a little and then make pullback on this area; then after pullback finished, Ankr will head toward ATH. Let's see what happens.
Note
So, Ankr really tried to break the major horizontal resistance area, but couldn't and instead made a false breakout. Then the correction started, and Ankr went down to gain momentum. Now, it seems the correction is over since Ankr broke the downtrend line and is going up. Let's see what happens.
Trade active
So, after ANKR broke the downtrend line, went up toward the major horizontal resistance area and the channel's upper line. Let's see if ANKr can break through these.
Note
So, ANKR reached the major horizontal resistance area, again. Let's see if this time ANKR can break this are.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.