Over the course of 9 months or so, ANKR has produced a massive triangle pattern.
With the market showing bullishness, there's a high chance that this triangle will result in a bullish break out in the near future.
A couple of days ago the break out got rejected, which could indicate some weakness in the near term. However, if we see some more green days on BTC I'm expecting a bullish break out within the next week or so. In case BTC wants to go down more, expect strong support at the bottom trend line of the triangle.
First target is placed at $0.13.
Happy trading!
With the market showing bullishness, there's a high chance that this triangle will result in a bullish break out in the near future.
A couple of days ago the break out got rejected, which could indicate some weakness in the near term. However, if we see some more green days on BTC I'm expecting a bullish break out within the next week or so. In case BTC wants to go down more, expect strong support at the bottom trend line of the triangle.
First target is placed at $0.13.
Happy trading!
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