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.