AE coin is traded on many exchanges, including the top 10. From May to August, like most alto coins were in an upward trend.
After the reversal of the alto coin market, the price formed a falling wedge and went beyond the channel, then the price broke through the wedge with a rise in price of 60%. At the moment, the correction, and locally on the...
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
-Aeternity is almost back at previous trading channel
-Since the strong pump up to 2400 sat level
-Where do we expect to see a reaction bounce up?
-The area between 1700-1600 is ideal for a potential reaction
-This zone is a confluence of previous resistance zone & 200D MA support
-Take note also of the upward trendline of support
-This will give extra...
-bullish reaction on the 50D MA
-holding off the strong area of confluence
-forming a bullish pattern
-you can enter the break/close above the trendline
-target is the recent top at 1762 sat or higher
-stop-loss is placed under the green support zone
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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....