The History
I invested in ANS last time the market crashed believing that it had the momentum to recover quicker than most; and that's exactly what it did. Currently, the market as a whole is worried about bear traps and bull traps and not quite ready to keep going on at the same pace, so the gains will likely be smaller as coins recover.
If you take a look at the AntShares chart on Bittrex, the highs have been getting lower, and the lows have been getting higher. I assume, with my limited trading knowledge, that this indicates that ANS has been consolidating and is ready to move in one direction or another.
The Cliff
As you can see below, AntShares (ANS) been testing the price where the price has sharply dropped in the past, as if falling off a small cliff.
Unfortunately, I thought the price consolidation meant that it would break outwards and mostly upwards. So I sold 1 LTC and bought a handful of ANS in preparation. Then me and my ants started to slide...
It seems as though the resistance line that ANS has been moving towards is associated with sharp decreases in price. (at 0.0026 sats, +/- 0.0001 sats)
Of course I'm only looking at one month of trading, so I'm not sure how much stock I should put into this signal, though in our warped sense of crypto time that's basically 2 years. Maybe I should congratulate myself for buying right on the button of a relatively big price movement?
Conclusions
The upside is that every-time the price dipped sharply at the line, it was the final leg of a bear movement, and this time ANS weathered the market crash very well, and looked pretty healthy. It's not only possible, but probable, that I have no idea what I'm talking about, and have imagined this resistance line in the charts, and that AntShares will spike upwards in a few hours as the Chinese wake up and start trading!
Ant shares really needs to hurry up with their rebrand. Ant shares is a really awful name.
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Thanks for sharing your experience. I have to agree with @justtryme90 that Neo is going to sound a whole lot more marketable than Ant Shares.
This is a China focused crypto. Alipay (Alibaba) started Ant Financial. They even have a blue ant as a logo. SO I'm sure it was no mistake to use the name to get instant exposure. Now that they have exposure I'm sure Ant Financial wants to protect its trademark so we get NEO.