Trade ANKR in Futures Market at CoinDCX
Issued on: 01st Sep’23
Valid upto: 08th Sep’23
Category: Infrastructure
Market Cap: $186,088,647
Price Update
ANKR’s price at the time of writing (01st Sep’23, 16:45) is $0.01861, with a 24-hour trading volume increased by 15% to $9,563,122. ANKR’s price is down by 3.71% in the last 24 hours according to coinmarketcap.com.
Source: TradingView
Analysis
Analyzing the above chart:
- ANKR/USDT is on a downtrend. In the weekly view, it dropped from $0.38 to $0.17 and retraced 50%, continuing the bearish trend.
- In the daily view, it broke an upward trendline, consolidated, and now it’s breaking down, indicating further bearishness.
- In the 4-hour view, it’s moving in a downward expanding channel, and it’s expected to drop to lower support levels after a retest.
- A Short Trading strategy can be assessed between $0.01905-$0.01846 with an invalidation above $0.01987
- On the downside, one can see a fall of 15-20% toward $0.01720 & $0.01481 (valid for 7 days)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: ANKR is now available in the futures market in both CoinDCX and CoinDCX Pro with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 1-August | OP | Short | -5.33% | -42.64% | 0.43% |
| 3-August | BCH | Short | 6.39% | 51.12% | -0.52% |
| 4-August | FLOW | Short | 6.16% | 49.28% | -1.90% |
| 4-August | 1000SHIB | Long | 26.16% | 209.30% | 1.41% |
| 7-August | MAGIC | Long | -2.59% | -20.75% | -1.69% |
| 8-August | ADA | Short | 11.27% | 90.19% | -4.27% |
| 11-August | AAVE | Short | 11.53% | 92.22% | -4.15% |
| 17-August | INJ | Short | 15.53% | 124.22% | -12.06% |
| 21-August | RNDR | Short | -4.64% | -37.12% | 2.66% |
| 22-August | ICX | Short | Not considered | – | – |
| 22-August | BNB | Long | Not considered | ||
| 24-August | RUNE | Short | 5.63% | 45.1% | -1.54% |
| 25-August | LDO | Short | -5.02% | -40.15% | 6.04% |
| 29-August | PEPE | Short | -3.78% | -30.23% | 6.25% |
| AVERAGE RETURN | 5.11% | 40.9% | -0.78% | ||
| SUCCESS RATE | 58.33% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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