Despite a turbulent market, ANC has performed VERY well... with price continuing to go up at a steady pace.
For this reason, ANC should be well on its way to test the $3 resistance which is now not that far away.
The 3-day chart is bullish and the indicators are looking good, particularly volume which has EXPLODED. This is extremely bullish, particularly when price moves up.
It seems to me Anchor Yield Reserve has enough cash to pay the 20% interest to depositors for another 6 months. So we should be good in the near term.
If you are more interested to learn about that, check my Twitter thread on that.
This is fundamentally bullish for Anchor/ANC, however, the macro structure is a downtrend. Curious how this will play out.
BIAS = Bullish in the short/medium term.
Time will tell.
Like and follow if you liked my idea!
For this reason, ANC should be well on its way to test the $3 resistance which is now not that far away.
The 3-day chart is bullish and the indicators are looking good, particularly volume which has EXPLODED. This is extremely bullish, particularly when price moves up.
It seems to me Anchor Yield Reserve has enough cash to pay the 20% interest to depositors for another 6 months. So we should be good in the near term.
If you are more interested to learn about that, check my Twitter thread on that.
This is fundamentally bullish for Anchor/ANC, however, the macro structure is a downtrend. Curious how this will play out.
BIAS = Bullish in the short/medium term.
Time will tell.
Like and follow if you liked my idea!
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