FxWirePro- AKTUSD (Chart of the day)
Akash is a decentralized and open-source cloud computing platform. It uses Delegated Proff-of-Stake mechanism to achieve consensus.
ASTRUSD showed a minor pullback after minor correction.
Any daily close above $3.40 confirms further bullishness.
AKTUSD gained more than 14% in the past four days. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $2.79 and is currently trading around $2.735.
The bullish invalidation can happen if the pair closes below $2.30. On the lower side, the near-term support is $2.72 (200- 4H EMA). Any close below targets $2.30/$2/$1.490.
The pair's near-term resistance is around $3.20. Any breach above confirms minor bullishness. A jump to $3.36/$3.69 is possible. A surge past $4 will take it to $5.
It is good to buy on dips around $2.70 with SL around $2.30 for TP of $3.68/$4.
