ANT Potential scenario

2023년 5월 5일

My speculation on the ANT future price movements based on the:

1. Volume Profile
2. Fibonacci
3. Elliot Wave count
4. RSI divergence


1. Volume Profile

The volume profile is a great tool to see distribution block on the price chart and we all know that the price tends to move from one to another.
Most of the SMC traders use the fair value gaps for their trading, in this kind of strategy we are looking for the low volume nodes, which is the same.

We can clearly see the point on the chart, where ANT transacted the most. That is the point of interest that we are targeting or using as an entry.

2.Fibonacci

Recommended to use the fibonacci 0.7 and 0.6 levels to take profit because of it's psychological effect on traders. I do believe fibonacci works on the higher timeframes, because most of the traders use it, so it triggers a buyer or seller effect on the price, that we cannot ignore.

3. Elliot Wave count

The Elliot wave count worked out beautifully on the structure and have to be prepared for an ABC correction to the upside.

4. RSI divergence

Rsi divergence trading is one of the most basic trading strategies and skilled traders can benefit a lot from that strategy. We usually use it for confirmation and to see the market sentiment and momentum decrease.

2023년 5월 5일

노트

Rejection from the optimized trend tracker (100VAR)

2023년 5월 5일

노트

On the volume profile we can clearly see which period are we in the move and where will the impulsive movement come.

2023년 5월 5일

노트

Delta divergences just confirm my trade plan at the moment

2023년 5월 5일

노트

BTC CME GAP usually acts as a magnet and when the bitcoin price will be heading to that zone, that will bring the whole market with it, ANT as well..