ANKR Rise in progress towards 0,10 Maximum

ANKR MARKET_MINDS BULLISH

Market & Ticker: ANCHOR - ANKR/USDT 

 

Date: 22/02/2023 
 

Horizon / Timing:  Mid-term / 1 to 3 months 

 

ANKR confirmed recently a larger upside potential with the Double Golden Cross on Moving average before accelerating and reached our target at 0,059. In this analysis we are updating the Tactical Support to watch to keep a positive outlook. 

Scenario:  

At the current level, we expect a further bullish move towards 0,066 (+34%) at first and in extensions 0,1 (+100%)  as long as 0,038 (-23%) remains a valid Tactical support in Daily close. 

 

Technical Key Elements: 

 
- The RSI indicator is above 50% and keep room to upside 
- The Moving average crossed to the upside: Double “Golden” Cross 
- The Fibonacci key support is adjusted at 0,038 as tactical support while the Elliot wave shows upside potential towards 0,066 in wave (3) 

 

 

Trade Idea conclusion: 

 

Buy - Conviction
:médaille:
:médaille:
Medium 

 

 

Target 2: 0,1 (+100%) 

Target 1: 0,066 (+34%) 

Buy: add in dip area 0,049 

Stop: 0,038 (-23%) 

 

  

 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

 

 

  

 

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