Here is another altcoin pair/project that is trending on KuCoin... Let's have a quick look at it and proceed to the chart.
About Aurora
Aurora Chain (AOA) holds the mission of creating bright an colorful blockchain world with fast-working contracts that facilitate easy development of applications on the blockchain. The team strives to allow businesses from disparate industries to cooperate using the distribution of a fixed supply of the underlying currency AOA as a means of ensuring the speed and functionality of the consensus mechanism. As such, transactions may be realized quickly from delegated proof of stake voting equipped with byzantine fault tolerance to improve interactive consistency within the system.
Aurora (AOABTC) is now forming a new uptrend and trading within an ascending channel.
We are looking at a bullish setup here that can easily do more.
We are likely to see this channel broken to the upside (green arrow).
If prices drop, support is found first at EMA10 or 0.00000030. The next strong support level is a mixture of EMA50, EMA100, and MA200 in the 23-25 satoshis price range (0.00000023 - 0.00000025). We are highly bullish above this range (bearish below).
The next strong target is marked on the chart for 94%, followed by 160%+.