ANKRUSDT: Bullish reversal underway - what next?

---- Mid-term Analysis for the next coming 4 weeks to 3 months - Based on Daily Chart -------

ANKRUSDT: Bullish reversal underway - what next?

Last news : https://crypto.news/binance-labs-invests-in-ankr-a-multi-chain-infrastructure-provider/

Context
- The Global Crypto market leads by BTC and ETH reversed a new bullish trend - ANKR today did a significant acceleration confirming a strong bullish momentum
- We are watching at 0,06130 to bypassed to extend the bullish recovery in progress
- Watch 0,035 as key support


Market configuration

- Graphical Elements :
Graphical support = 0,035 &0,023
Graphical Resistance = 0,1050 & 0,01580

- Mathematical Indicators:
EMA ( Exp Moving averages) are support at 0,035 = Bullish
RSI indicator (below) is now above 50% with room to the upside = Bullish

- Elliot & Harmonic Wave (Fibonacci):
A last drop to draw the wave (c) B is now completed - the market is now bouncing off in recovery
Fibonacci resistance of the wave = 0,06130
Fibonacci bullish wave target at 0,1050
Fibonacci bullish wave support at 0,035
Fibonacci bearish wave target at à 0,023

Conclusion

Prefered case => As long as 0,035 remains support a larger recovery towards 0,06130 is expected with strong conviction, only a break above 0,06130 will open a direct recovery potential towards 0,1050 and 0,1580.

Alternative case => Breaking 0,035 a new bearish attack towards the strategic support at 0,023