|Market & Ticker: AKT.IO – AKTIO/USDT||Horizon / Timing: Tactical Mid-term / 1 to 3 months|
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. No significant marketing budget has been deployed yet as the company decided to wait to reach the competitive level before launching the marketing/ads campaign. The company has for ambition to kick the marketing strategy off from September 2023 till the end of this year 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 negative area below 50%
- The Moving average are resistance
- 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 0,1950
Stop: 0,13 (daily close)
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)