jodahy

AEON breaking out of triangle

Long
BITTREX:AEONBTC   Aeon / Bitcoin
On 4H plot, AEON is breaking out of a triangle in which consolidation has been proceeding for a few days above the cloud. My target is roughly 45k sats . On 1 day plot, resistance at the cloud around 45-50k sats .

Disclaimer, I've held a small bag of this for a while. Original basis around 25k , with some additional buys around 30k.
Trade active: Green rocket. Currently at about 38k.
Comment: AEON price has tested resistance in the 38k sat range a couple of times. With recent massive BTC surge, not many eyes are on this coin right now. I'm keeping position open, mostly because panning out on the 4H and 1D shows the price action is in an upward channel. If it can keep testing 38k, I'll be more optimistic of it breaking through that in the coming days, especially if BTC cools off a bit.

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