ANT has seen a massive increase in value over the past few days. After failing to beat the local resistance of $6, a minor sell-off has occurred. Looking at price action, volume is flowing in and bars are getting bigger. This is for me an indication that ANT might be loading up again for a new bullish push towards the $6 level.
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
May I know what's your opinion about Ant? Will it go up soon?