Panjang
Brief Analysis ——AKRO
Today we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are AKRO and BNT.
In 2023, the rise of AKRO was accompanied by sudden pump and long-term fluctuation. And the distribution of transaction volume is not uniform. From mid-February to August, the price remained fluctuating in the yellow zone. At the beginning of August, the price was maintained at the upper rail of the range for several days. Although the candles has a long upper pin-bar this time, the bulls didn’t decay. If we had analyzed AKRO at that time, we would have given the conclusion that there is a high probability that the rise will not end. Then the bulls made a breakout to the upside and amplified volatility.
Conclusion: There is a high probability that it will rise after a fluctuation. AKRO remains bullish on a large scale. The bulls are ahead of the bears at a small scale. But the price is currently near the lower rail of the accumulation zone in February 2022. Bearish power may increase. So we think it may enter a range before rising. We set resistance level at 0.0108 and support level at 0.0075.
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.
In 2023, the rise of AKRO was accompanied by sudden pump and long-term fluctuation. And the distribution of transaction volume is not uniform. From mid-February to August, the price remained fluctuating in the yellow zone. At the beginning of August, the price was maintained at the upper rail of the range for several days. Although the candles has a long upper pin-bar this time, the bulls didn’t decay. If we had analyzed AKRO at that time, we would have given the conclusion that there is a high probability that the rise will not end. Then the bulls made a breakout to the upside and amplified volatility.
Conclusion: There is a high probability that it will rise after a fluctuation. AKRO remains bullish on a large scale. The bulls are ahead of the bears at a small scale. But the price is currently near the lower rail of the accumulation zone in February 2022. Bearish power may increase. So we think it may enter a range before rising. We set resistance level at 0.0108 and support level at 0.0075.
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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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.