Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Ankr’s breakout: targeting 0.03827 resistance in price rally By: Invezz February 25, 2024 at 05:59 AM EST ANKR/USDT trading strategy Buy/sell asset: Buy ANKR/USDTEntry price: 0.03107Stop loss: 0.0286Leverage: 1xTake profit 1: 0.03400Take profit 2: 0.03700Take profit 3: 0.04016Timeframe: 1-2 weeksMaximum profit: 30%Maximum loss: 8%ANKR/USDT chart and technical analysisANKR/USD is once again in an uptrend after the recent correction to the 0.0124 support level. The price has recovered 57% since then and will likely reach the 0.04016 daily resistance level in the coming days.Recently, the price broke above the previous high of 0.0320 and made a new high. I am expecting the price will make a correction and will possibly retrace back to the 0.0320 level which now will act as a support and will push the price up.I recommend the 0.03107 support level for long entries and my recommended target for this trade is the 1.04016 resistance area. The 0.03107 is a key level as it is around the 0.786 Fibonacci level along with a bullish order block around the same level.ANKR/USDT fundamental analysisFundamentally, the price is likely to remain stable and follow the price action as there is no high-impact news that could have a significant impact on the price of ANKR/USDT. However, the investors’ confidence is high and the price is likely to continue the rally in the coming days and will gain another 30%.Ankr to Tether trade idea takeawaysANKR/USDT recently broke above the previous high of 0.03107.The price of Ankr is likely to reach the 0.04016 daily resistance level in the coming days.Multiple take-profit levels have been added to secure profit along the way.The risk-to-reward ratio on this trade is 1:3.7.The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.Good luck!The post Ankr's breakout: targeting 0.03827 resistance in price rally appeared first on Invezz Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Ankr’s breakout: targeting 0.03827 resistance in price rally By: Invezz February 25, 2024 at 05:59 AM EST ANKR/USDT trading strategy Buy/sell asset: Buy ANKR/USDTEntry price: 0.03107Stop loss: 0.0286Leverage: 1xTake profit 1: 0.03400Take profit 2: 0.03700Take profit 3: 0.04016Timeframe: 1-2 weeksMaximum profit: 30%Maximum loss: 8%ANKR/USDT chart and technical analysisANKR/USD is once again in an uptrend after the recent correction to the 0.0124 support level. The price has recovered 57% since then and will likely reach the 0.04016 daily resistance level in the coming days.Recently, the price broke above the previous high of 0.0320 and made a new high. I am expecting the price will make a correction and will possibly retrace back to the 0.0320 level which now will act as a support and will push the price up.I recommend the 0.03107 support level for long entries and my recommended target for this trade is the 1.04016 resistance area. The 0.03107 is a key level as it is around the 0.786 Fibonacci level along with a bullish order block around the same level.ANKR/USDT fundamental analysisFundamentally, the price is likely to remain stable and follow the price action as there is no high-impact news that could have a significant impact on the price of ANKR/USDT. However, the investors’ confidence is high and the price is likely to continue the rally in the coming days and will gain another 30%.Ankr to Tether trade idea takeawaysANKR/USDT recently broke above the previous high of 0.03107.The price of Ankr is likely to reach the 0.04016 daily resistance level in the coming days.Multiple take-profit levels have been added to secure profit along the way.The risk-to-reward ratio on this trade is 1:3.7.The entry and stoploss prices have been placed at secure levels with the least probability of getting hit.Good luck!The post Ankr's breakout: targeting 0.03827 resistance in price rally appeared first on Invezz