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AKRO - Accumulation opportunity

The direction of the market is dependent on the price action and sentiment of Bitcoin. You can refer to my BTC chart and analysis to understand my narrative. I think that BTC will more then likely to continue to oscillate in this ascending triangle formation as currently on its 4th leg down. What this means for AKRO I understand that there is potential for much more downside before a trend reversal. I have highlighted in green an area to consider accumulating. In a bull run, this gem will give some really good returns. Confirmation of trend reversal when long term downtrend is broken by orange resistance line. Successful breakout and retest might be another opportunity with less risk to enter this trade. Also, possible higher low on RSI with price a falling suggesting a bearish divergence and trend reversal.

Dagangan aktif

First level of support reached, expecting a fake pump before deeper correction

Nota

Already reaching my accumulation zone (USDT) chart. BTC pairing suggesting that a further 50-70% correction in play.

m44kka

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m44kka

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Penafian

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