Akash (AKT) on the 4-hour chart has just completed the 1:1 retracement of the prior impulse move. Here's what I'm watching next: if AKT pulls back below the uptrend's VAH, I'll be looking for a support zone around $0.5—this level converges multiple confirmations (2x POC, Fibonacci GP, and AVWAP), making it an ideal entry point for a direct continuation higher. The setup stacks confluence well for potential follow-through.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
9
Repost
Share
Comment
0/400
GamefiHarvester
· 01-17 17:23
Wow, 0.5 level has so many confirmations? Just go for it!
View OriginalReply0
MetaNeighbor
· 01-16 08:56
Is the 0.5 support level really that strong? It seems like we still need to watch the market sentiment.
View OriginalReply0
SquidTeacher
· 01-15 14:37
That 0.5 level is really stacked, but I'm afraid it might need to break below again before it can go up.
View OriginalReply0
RiddleMaster
· 01-15 00:13
0.5 is back again. Can it really break this time? It feels like it's been said so many times already.
View OriginalReply0
gas_fee_therapy
· 01-15 00:12
It's another case of confluence stacking, feels like every time I can find the perfect support level... Truly, technical analysis is foolproof.
View OriginalReply0
Ser_Liquidated
· 01-15 00:10
0.5 at this level is indeed quite congested; let's wait until a breakout.
View OriginalReply0
AirdropHunterXiao
· 01-15 00:04
Is that $0.5 support level really that strong? I need to see how this rebound turns out.
View OriginalReply0
LostBetweenChains
· 01-14 23:56
Is this set of confluence stacking again... Is the support at 0.5 really that strong?
View OriginalReply0
StakeOrRegret
· 01-14 23:54
The 0.5 support level has indeed accumulated quite a bit of confirmation, but whether AKT can retest it is still uncertain...
Akash (AKT) on the 4-hour chart has just completed the 1:1 retracement of the prior impulse move. Here's what I'm watching next: if AKT pulls back below the uptrend's VAH, I'll be looking for a support zone around $0.5—this level converges multiple confirmations (2x POC, Fibonacci GP, and AVWAP), making it an ideal entry point for a direct continuation higher. The setup stacks confluence well for potential follow-through.