AKTIO/USDT : Bullish exit from consolidation soon? 

Brian Leclere - 03 May 2022 - AKTIO APP

By Market Minds :

Previous analysis :

AKTIO/USDT : approaching 5,90 intermediate target - What next?

Context

AKTIO Coin is the native ERC20 coin from Akt io app available since march on Apple and Google Store (Europe only for now) https://www.akt.io/
– The AKTIO Coin has been launched the 13/04/2022 at 1,09$ on Bittrex exchange (during the Paris Blockchain Week Summit), also accessible on directly vie the exchange on akt io app. The price action of the AKTIO is positive and will become more and more attractive once it will be released on further exchanges & stacking solution soon regarding the road map, also the commercial success of the app will impact the coin price action with more and more users expected for 2022.
you will find more details here : https://www.akt.io/token-economics

Supply

Total supply : 100 000 000
Circulation supply : 13,008,707.00(13%)
Circulation supply January 2023 (32%)

Vesting ICO participant (21 month – released every 3 month) – 18% of the total supply
Vesting reserved (60 month – released every 3 month) – 69,5% of the total supply

The total supply is 10x less than similar project such as Swissborg or Nexo and the progressive vesting schedule calendar will help the coin to progress step by step towards >10$ for 2022 in parallel of the users acquisition. On current level the coin is clearly under-value and offer a nice opportunity to enter in the trade.

Tactical view 1 to 6 weeks (Update)

As long as 3,30$ remains support on the short-term (In daily close) a further rise towards 7,70$ is likely before extending the progression towards next target at 9,30$ and 15,80$
New technical element = 5,90 target has been reach – Key 55&89EMA are flat which is coherent with range in progress in wave IV – the logic is too draw a bullish exit from the range to draw the wave V

On the short-term a drop to 3,30 before rise can’t be ignired but it is a bet cause the element are more leaning towards a direct bullish exit – the idea is to accumulate bullish position within this range to play the bullish exit

 

(Price are displayed in USDT) 

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    Automata Pay

    65-66 Warwick House 4th

    Floor, Queen Street, London

    England, EC4R 1EB

    Automata ICO Ltd

    3rd Floor Ormond Building,

    31-36 Ormond Quay Upper,

    Dublin 7, D07 Ee37

    Automata Pay Europe Ltd

    3rd Floor Ormond Building,

    31-36 Ormond Quay Upper,

    Dublin 7, D07 Ee37

    Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

    Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

    Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.