AKRO TA
Akro is looking ready for bullish movement as with most alts.
- currently in a rising channel (green lines) look for entry on a touchpoint of the bottom green line, preferably the formation of a W bottom. right now 0.32 - 0.34 seems a good entry
- The 0.38-0.4 is a level of resistance, if we manage to break through this level the technical target will be 0.5-0.6 successfully forming a W bottom on the daily timeframe, will then be looking to set all time highs, of course with resistance along the way.
- if we fall out of the rising channel to the downside, we can look at eventually retesting the 0.25-0.28 region before continuation.
As of now it is a good time to buy, if you are more cautious, wait for the break of 0.38-0.40 or if we break to the downside, wait for re entry around 0.28
- currently in a rising channel (green lines) look for entry on a touchpoint of the bottom green line, preferably the formation of a W bottom. right now 0.32 - 0.34 seems a good entry
- The 0.38-0.4 is a level of resistance, if we manage to break through this level the technical target will be 0.5-0.6 successfully forming a W bottom on the daily timeframe, will then be looking to set all time highs, of course with resistance along the way.
- if we fall out of the rising channel to the downside, we can look at eventually retesting the 0.25-0.28 region before continuation.
As of now it is a good time to buy, if you are more cautious, wait for the break of 0.38-0.40 or if we break to the downside, wait for re entry around 0.28
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