Bullish outcome - Push past and test on 50 & 25 EMA
Bearish outcome - Sunday retest & accumulation against 06th October daily wick @ $3.1 - $2.9 to confirm a breakout, followed by a continuation of the upward trend
As I am PERSONALLY bullish long term on Akash network fundamentals and roadmap, this is listed as a long.
EDUCATIONAL ONLY. NOT FINANCIAL ADVICE. DO YOUR OWN RESEARCH.
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Bearish Sunday outcome occurred as anticipated at the target price, albeit faster than I anticipated!
From a technical standpoint, this would make a good entry for a mid-long term strategy.
IF a deeper correction occurs, lower entry targets would likely be in the $2.4 - $2.6 region (lower purple box). Short-term traders, take care.
EDUCATIONAL PURPOSES ONLY. NOT FINANCIAL ADVICE. DO YOU OWN RESEARCH.
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Some nice entries recorded at the dip which follows this analysis! Could potentially see upside action from here.
EDUCATIONAL PURPOSES ONLY. NOT FINANCIAL ADVICE. DO YOU OWN RESEARCH.