Gaming sector will be also one of the most popular trend soon. Its easiest way for mass adoption web3
BYBIT:AEGUSDT
12-4h logic of entry based on IAP model (how to work with this model you can find in my ideas)
Possible Targets and explanation idea
➡️IAP model, price came in to my first zone of interest!
➡️Formed pure 12H order flow
➡️We got 2 directions...
AVENG is in a long term range bounded area.
It's been coming down for years on a slow and steady declination of a trend.
I've even put the time frame on weekly because daily is just not active.
By the looks of it, the next target could ease down to R4.00 then R3.50.
Not a traders haven choice and many platforms do not even offer this.
An idea showing price within in a descending broadening wedge
I expect another fall to the bottom of the grey channel, this could also be considered part of an inverted H&S.
Lets see how it goes on this Weekly chart.
Looking to bounce from around this level or just under where 786 fibs lie at around 2.84p also where there is previous resistance
CCI is getting quite on oversold area.
Looking for a bounce to at least 50% retrace & possibly the 200ma as 1st target.
Unbiased view as I do not hold any shares...yet!!!
the fib level 61.8 seems to be holding quite well and 200ma approaching plus we got 2 different resistance areas - look left -
but personally I would wait till it settles and opportunity comes when CCI / MACD crosses towards the upside as I feel this dip might not be the only one.
I expect aegon to carry on moving within the tradingrange it hit last year. this allows for money to be made using a straddle. As the CMF, a indicator for volume, is still positive i expect it to first bounce at 5, hit 5,5 and then go back again. over the last 3 months we saw that financials had high returns, i do not see a change in the short term for this....
