Market & Ticker: RAYN – AKTIO/USDT
Date: 06/11/2023
Horizon / Timing: Tactical Mid-term / 1 to 3 months
Scenario:
AKTIO the native token of Akt.io platform, has been trading downside since the beginning of the bear market and the technical element remains negative. Also, the bearish pressure on going reflect the lake of coin adoption which is not incoherent with the fact that the Akt.io platform became competitive lately after having succeed to obtain key regulation registration in Italy and France. A significant marketing budget has been deployed since october which. Will help the adoption. The company is expecting to raise drastically the client acquisition which will have a direct impact on the AKTIO native coin.
At the current level, a key support is defined at 0,13 to anticipate the start of the recovery expected aligned with the marketing strategy from September towards 0,40/0,56, this resistance area must be clearly bypassed in daily close to update the key support level to watch.
Technical Key Elements:
- RSI Indicator is mixed (Range)
- The Moving average are mixed (Range)
- Fibonacci key support is adjusted at 0,13 while the key resistance is adjusted at 0,56
Trade Idea conclusion: Buy – Anticipation of the marketing strategy success.
Upside swing trade
Target 2: 0,56
Target 1: 0,40
Buy swing: add in dip area 0,2050
Stop: 0,13 (daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
