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ANKRUSDT → Traders are gearing up for a rally. Breakout 0.05

2024-05-23 09:04 CRYPTO forecast

💡 Ideas For ANKRUSDT 💰

📈 ANKRUSDT → Traders are gearing up for a rally. Breakout 0.05

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ANKR breaks the resistance of the symmetrical triangle, which generally determines medium-term perspectives for us. The coin may move to the realization phase after consolidation

BINANCE:ANKRUSDT Chart Image by RLinda

The potential of the coin is quite large, the market has been saving energy for two years and with the breakout of 0.0476, then 0.05885 it can move into a strong rally phase. There are already bullish prerequisites on D1. A breakout of the range resistance and a retest of 0.0478 is forming. Watch the price reaction, as a correction may follow before a further resistance breakout, but a quick retest will increase the chances of a breakout.

Support levels: 0.04528, 0.0425

Resistance levels: 0.0478, 0.051

I expect that a small correction will quickly end, after which traders will again move to attack the resistance at 0.0478 with the aim of breaking it. Consolidation above the level will be a good sign for growth.

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