AE is forming a Double Bottom pattern but this pattern is not too good for it. But you still can trade it
Buy in the range of 975-1050sts for a quick pump to 1400sts or 1800sts so far.
And we will close this trade if it drops below the green zone
We start the week strong for the altcoins market with Populous (PPTBTC) growing by more than 100% and AEBTC is now breaking above MA200.
This is what happened when PPTBTC broke above this level... Strong/Impulse growth:
Now, Aeternity (AEBTC) is reaching a similar point....
Aeternity (AEBTC) just had a strong bounce and is trying to recover.
Even though prices moved below our 'MAIN SUPPORT' and a new low was hit, the week closed above the 8-Jan low (0.00001616) which maintains the bullish chart structure.
Back to the chart above, looking at the candle printed on the 13 March, this looks like a bullish hammer. This is a reversal...