Should you buy Akro after its breakout?

Akro (AKRO/USD) has given a long-awaited breakout on Monday, with a similar structure to Link (LINK/USD) and Matic ( MATIC/USD) will Akro be able to give huge moves as well? 

A look at this year’s charts-

• Akro had formed a reverse head and shoulder pattern in October and has also given a breakout from the pattern which is a bullish signal for investors.
• It has also seen some huge volumes which is suggesting that is not a false breakout.
• The RSI has been consistently increasing and no bearish divergences can be seen, suggesting that the trend should be continuing.
• After a breakout on Saturday, Akro has already retested the trendline and is now starting a potential rally.
• A long can be taken once Akro crosses $0.03660, targets can be set at $0.0457 followed by $0.0674 and even a potential new all-time high for investors who want to hold for a longer time.
• A stop-loss can be maintained at $0.0265.

      A closer look at the charts on Monday-

• Akro was in a strong uptrend on Monday and a continuation is expected as there are no RSI divergences.
• Once a breakout is seen from the trendline above $0.038, a strong upmove can be expected.

Conclusion

Akro is looking very bullish for the coming weeks and a long entry could be taken with some huge targets set, however, a stop loss also must be maintained. After several confirmations and bullish patterns, Akro should hit the targets in the coming weeks and months.