Today we will share a brief analysis of 3 old-school tokens. They are ANKR, IOTA and LINA.
After the dump in early June, ANKR completed a V-reversal. The price quickly returned to its original position. After that, the bears frequently strengthened, but the price remained within the black angle, and each low is higher than the previous one. This is a bullish signal. The price has exceeded the lower rail of the angle this week, but it has not been confirmed. It may return back in the angle. From the perspective of bulls and bears, the bulls failed to stand on the upper rail of the angle many times and the bears strengthened on Sunday, suppressing the bulls.
Conclusion: Mostly falling. ANKR maintained neutral on a large scale, but it has turned bearish on a small side. We think a downside is more likely. In any case, once the price confirms its direction and breaks through the black angle, then the short-term trend is formed. We set resistance level at 0.029 and support level at 0.019.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
After the dump in early June, ANKR completed a V-reversal. The price quickly returned to its original position. After that, the bears frequently strengthened, but the price remained within the black angle, and each low is higher than the previous one. This is a bullish signal. The price has exceeded the lower rail of the angle this week, but it has not been confirmed. It may return back in the angle. From the perspective of bulls and bears, the bulls failed to stand on the upper rail of the angle many times and the bears strengthened on Sunday, suppressing the bulls.
Conclusion: Mostly falling. ANKR maintained neutral on a large scale, but it has turned bearish on a small side. We think a downside is more likely. In any case, once the price confirms its direction and breaks through the black angle, then the short-term trend is formed. We set resistance level at 0.029 and support level at 0.019.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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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.
Related publications
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.