Aragon is a coin that is on a radar for a longer term investment though I am waiting for a good place to buy in and it may be happening very soon. Right now the trend had moved into an oversold area and has broken the lower bollinger band, so we hope that we will see some bullish volume increase over the next few days. We have fallen below a daily line of support which now becomes resistance moving forward. This line is around 44215 SATS so for a confirmed trend change, we need a daily close above this line. The next line of resistance that concerns me is the 50286 SAT line as this is monthly resistance, so for a long term investment I have to really consider this resistance line for the future. The AC oscillator is showing signs of a possible trend change with the last green line for today shows some people are buying which is a good sign.
Right now we wait to see if we can get passed the mentioned resistance line, a confirmed close above this line, then consider a buy in to start accumulating coins. We wait to see if people start to buy since were in the oversold area.
Right now we wait to see if we can get passed the mentioned resistance line, a confirmed close above this line, then consider a buy in to start accumulating coins. We wait to see if people start to buy since were in the oversold area.