AKP - Chartwatch

Although I am very hopeful (and commited) with AKP - my tech analysis suggests some more down moves for the time being.  The below chart shows we are in a decending channel within the major fork.  We would need to close above the top dashed line to potentially break this pattern.  It's a tight channel, so this could happen at anytime.  The good news is that price action has not managed the strength to hit the fork median line (yet), so there is hope that we can build some bullish momentum and retrace back to the upper median line.



An alternative fork perspective is below.  Here  the price action is currently at or near the second lower warning line.  It has rebounded from this point thus, but with this as well as the above fork showing signs of weakness could retrace further from here.


Consider this a potential bonus opportunity to pick up AKP cheap before the fundamentals overwhelm the market.