AIONBTC A great coin seeks its bottom

A thorough analysis shows that AION has not found its bottom yet. We see a replication of rising wedge pattern. Indicators are bearish: MACD Level (12, 26), SMA & EMA (5, 10, 20, 30, 50, 100) and VWMA (20) are negative right now.

We see a high volatility according to DMI (14,14) and Overbought state according to Stoch RSI (3, 3, 14,14)

These facts tells us that the coin started its further downtrend after BTC has dropped. It means we should wait more before we can enter this position or open a short deal. In a short - middle term there should be a further decrease, be careful

Comment:

As we forecasted the price went down right to the point where the arrow at the chart ends. From 0.0000320 the price went up to the 0.0000457. We recommend to fix profit

Profit: 42.8%
Duration: 10 Days