AKTIO/USDC - AKTIO on track for bullish confirmation
Market & Ticker: RAYN – AKTIO/USDC
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Date: 07/10/2024
Scenario:
AKTIO the native token of Rayn app surged sharply by the end of February ending the bearish cycle engaged in 2022. AKTIO price action sensibility is linked to the trading volume activity of the Rayn app.
At the current level, a key support is defined at 0,19 while the key resistance is set at 0.30 acting as upside confirmation level. Only a clear break of 0.30 would confirm a significant recovery phase to start towards 0.50
Technical Key Elements:
- Consolidation channel is surpassed
- RSI is positive
- Fibonacci key levels set at 0.19 and 0.30
- Long-term key Fibonacci projection set at 0,50 and 1,03
Trade Idea conclusion: Buy
- Resitance 2: 0,38 and 0,50
- Resistance / Confirmation: 0,30
- Support: 0,19
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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