My incredible boyfriend and trading partner (SXTrading on trading view) opened my eyes to a beautiful set up this morning.
So following the same supply and demand trading method as usual - I have another analysis for you.
ANKR has been in a clear uptrend this year - so we look for trading opportunities to the upside.
To find the demand zones where the big player are waiting to place their buy orders - look for previous pauses and breaks in momentum - areas of consolidation and accumulation.
These are the areas where the pros are taking profits or buying more at what they consider a "discounted a price".
Here we can see one formed on the 61.8 fib level of the last rally - this is a golden zone. This makes me very excited.
Analysing the candlestick behavior we see bullish momentum exiting the zone - simultaneously breaking the downward trend lines and breaking through the 8 MA- adding strong confirmation to our beliefs.
Divergence on the MACD adds a nice cherry on top.
So following the same supply and demand trading method as usual - I have another analysis for you.
ANKR has been in a clear uptrend this year - so we look for trading opportunities to the upside.
To find the demand zones where the big player are waiting to place their buy orders - look for previous pauses and breaks in momentum - areas of consolidation and accumulation.
These are the areas where the pros are taking profits or buying more at what they consider a "discounted a price".
Here we can see one formed on the 61.8 fib level of the last rally - this is a golden zone. This makes me very excited.
Analysing the candlestick behavior we see bullish momentum exiting the zone - simultaneously breaking the downward trend lines and breaking through the 8 MA- adding strong confirmation to our beliefs.
Divergence on the MACD adds a nice cherry on top.