Following a downtrend since 2017 and ATL at 0.075, Aemulus has retraced the collapse by making a V-shaped reversal pattern and continue the rally, making new ATH at the end of August. The price has been in sideway for two months before a recent Bullish breakout early this month. We also note a new Bullish momentum developing in MACD histogram which was preceded by a MACD buy signal coincides with the breakout. Both EMA10 and EMA50 is still intact, strengthen our Bullish view. Our target if the price could break new ATH at 0.70 is 1.00. We would like to change our view if the price close below 0.60.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.