Double Bottom Defense: Bulls Stand Firm on #ANTUSDT at $2.65

16 Haz 2023

💎 #ANTUSDT had a confirmed break above the triangle pattern, after which the price continued to print higher highs and higher lows. This indicates the validity of the long-term uptrend and suggests that #ANT is poised for another higher high.

💎 The recent price action shows the formation of a double bottom at $2.65, demonstrating the strong defense by the bulls. Therefore, this support area should play an important role in further price development.

💎 As long as #ANT remains above this support, we can easily anticipate at least one more wave to the upside, potentially targeting the 127.2% Fibonacci resistance. However, prior to that, #ANTUSDT is likely to experience a minor downside pullback to test the critical Fibonacci retracement level of 61.8%.

💎 It is extremely important to watch for a breakout below the $2.65 level, as this will serve as a significant warning for the bulls. If price goes lower, it could indicate a change in the trend and a stronger push to the downside.

20 Haz 2023

İşlem kapandı: hedefe ulaştı

💎 #ANTUSDT has recently reached our projected upside target, demonstrating impressive performance within a short span of time. While this achievement might suggest the beginning of a potential bull run, it is important to consider the broader market sentiment, particularly our recent analysis of #TOTAL, which indicates a prevailing bearish trend in the cryptocurrency market.

💎 Taking into account the probability that favors the continuation of the current downtrend, it would be unwise to anticipate a significant upside potential for #ANT at this juncture. Therefore, we will closely monitor the behavior of the coin in relation to the current resistance level.

💎 Our cautious approach dictates that we await a confident break to the upside before reassessing the market dynamics surrounding ANT. This would require a decisive move accompanied by a notable increase in buying pressure.

💎 By maintaining a disciplined stance and adhering to our analysis, we aim to make informed decisions that align with the prevailing market conditions. As such, the MCP team will stay vigilant and reassess the situation if #ANT demonstrates a strong and sustained breakout to the upside, indicating a potential shift in the prevailing downtrend.

💎 Our commitment to providing professional insights and analysis remains unwavering, and we will keep our valued followers, the Paradisers, informed of any significant developments. Stay tuned for updates as we navigate the dynamic landscape of the cryptocurrency market.