After a successful launch on 2/Apr 2021 AIOZ managed to maintain a relatively high multiple against IDO price
Recent ETH/USD price increases may be the reason for the correction in the AIOZ price
AIOZ appears to be at the end of descending contracting triangle (during a bull market), if the upper range breaks here it would likely signal the beginning of a major wave 3 (impulse)
DISCLAIMER:
Do not trade more than you can afford to lose
Past performance does not guarantee future results
Recent ETH/USD price increases may be the reason for the correction in the AIOZ price
AIOZ appears to be at the end of descending contracting triangle (during a bull market), if the upper range breaks here it would likely signal the beginning of a major wave 3 (impulse)
DISCLAIMER:
Do not trade more than you can afford to lose
Past performance does not guarantee future results
Comment:
We can see that earlier today AIOZ/wETH formed a double bottom, with the first touch on 23/Apr. The 23/Apr low represents the end of wave 2 on the current count. This is supported by the strong impulse price action following the 23/Apr low, in addition to this RSI on the 1D chart is deep into the oversold level. I expect a strong upwards impulse movement in the near-term targeting 0.0008x.