Structure analysis rules that if $12 was the high $0.03 was the lows and we are in a bullish market, meaning we are making higher highs and higher lows, we will at the very least revisit the previous highs. As of current we have continuously made higher highs and higher lows and are very much in an established up trend. I know this is a "Dead coin" and that the team have stopped developing on it but with this technical set up I guarantee it will at the very minimum revisit its previous all time highs of $12. From the price it is at now, that is a 4100% gain or 41X. For me that's worth the risk plus I am a firm believer that fundamental analysis dose not mean jack diddly shit (Doge coin as an example) with that being said, I'm putting my money on this technical setup being catalyzed by some random Aion news being announced at some point during this Bull rally.
Disregarding this insane technical set up, have a look on coin marketcap and all the markets this coin is on... that means it is very easy for liquidity to be thrown at it. We are on the verge of alt coin season and what ever you chuck your money in will go up for me this is one of the best plays that hasn't flourished yet.
When people say its a scam and a dead coin that just screams buy as you "buy into fear" and at the end of the day speculators want to make money...
For me this looks very similar to the KCS set up I announced a while back.
This is just opinion and not financial advice, I am not responsible for any losses that may occur from trading. Invest at your own risk.
I've added some potential targets based off fib extensions on a log scale. I think this is going much higher than 12 off the back of the supply being reduced eight fold.
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We are at a big problem area of between .4-.5 cent however if we punch through with volume and conviction it could fly to $3.75. If we cannot break we are going back to the .23 cent region.
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Possible scenarios, we are not out the woods yet.
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Aion looks sleepy, its going to correct the question is where to?
We have a few targets...
Worse case scenario would be back at .23 cent.
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Rejected and pulled back to exactly where we thought. We need to make a higher high other wise we have further down side :/
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This monthly candle is concerning, we need to close bullish for me to be happy. 3 Days to go fingers crossed!
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Damn that monthly candle should have been the heads up! I expect further down side.... Overall still very bullish.
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Aion stuck atm, its really up to btc what it does. If btc tanks, it will bring the market down with it including BTC.
Patience is best atm.
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If we close like this.... we gonna do a doge lol
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ITS HAPPENING!!!!!
If this week closes like this expect a trajectory like this!
@TrimmerTrading, Thx a lot Trimmer! Appreciate the interaction. Hodling for a month now. Thought it was a mistake, because the project is really shady. Seems like an emty box. But the coin has woken up now ... . The lesson for me: never think the project is correlated with coin profit. Thx for sharing! Greetings!
@TrimmerTrading, Wow dude! You should start a YouTube channel. Now it begins to seem I've put waaaay too little in this ... I'm new to this so I started with small amounts. Lambo will have to wait. Unless I start chasing candles on this one, much against everyone's advise. If this goes beyond 30, I will figure out how this cheer thing works here on TV and will buy you some beers. Since you will have a lambo by then I guess it's the gesture that counts no? Thx for the reply, thx for sharing! Greetings!
CarlitoGrrr
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Give this man a PhD in AIONics.
Luxar777
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Aion is still fu*%#ing cheap haha lets buy some
Luxar777
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btw. why you said "team have stopped developing on it"
I think they are still working on it, and here is a post on their twitter:
"Hey everyone, we've seen your messages. Rest assured the team has not forgotten about you. We have a lot going on and are excited to tell you more about our plans in the next couple weeks. Stay tuned for the next OFF Report, which will have more details."
TrimmerTrading
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@Luxar777, Fair enough brother, that's even better news.