Aeternity (AEBTC) has been trying to break above EMA100 for quite a while now, always falling short. Once this break happens, you can expect big gains from this altcoin.
The chart above is simple, I've marked the resistance with yellow circles, this resistance is marked by EMA100, a moving average indicator.
Instead, EMA10 and EMA50 are working as support, and AEBTC price action is compressed within those two.
The RSI and MACD are both on the bullish side. Expect to see a sudden jump once EMA100 is broken.
If instead AEBTC moves down and closes below EMA50, then expect more consolidation before the move up.
We can remain bullish long term for this altcoin, as it has no problem with its support levels.
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