We are seeing some altcoins produce massive breakouts, only a few but many are looking ready to produce similar growth.
Right now we are looking at Aeon (AEONBTC) on Bittrex... Take a look at today's candles... 555%+.
A new All-Time Low (ATL) was hit recently, normally I take this as a bullish signal and this jump supports that view.
Prices are now...
The reason you must buying this good one .
This coin uses POW not STAKE, ATM value this coin is ATL ( ALL TIME LOSE )
when you buy $AEON surely you get support from miners and investors, miners will not sell coin at the lowest price..
In recent news, Aeon will also be the first CryptoNote coin to adopt a SHA-3 variant, the Kangaroo Twelve ( K12 ) Proof of...
$1.055 - daily close above, upward movement and momentum continues.
$0.952 - daily close below, downward movement and momentum kicks in.
Good old Ichimoku cloud suggests AEON price is at equilibrium near $1.50 by the end of June.
As you can see the first green Renko candles look to be formed on the weekly chart, confirmed once June 2nd price action closes - AEON-USD needs to maintain above $0.82-$0.83 until June 3rd.
Only once in AEON's history has the green Renko reversal failed as a bullish signal - in Feb 2018
As you can see, from November 2017 to January 2018, a strong upward trend...
I wouldn't call it classical technical analysis, except for support and resistance zones, but it look so pretty that I'd like to share it. Valid only in case of BTC bounce.
Buy zone 7500-8000. Targets marked on the chart.
AEONBTC is waking up, it is doing really good numbers on Bittrex, but looking at the long term chart tells us that there is still plenty of room left for growth.
Let's do a quick analysis on this altcoin:
Aeon (AEONBTC) Long Term Analysis by Alan Masters (THANKS!)
AEONBTC price had to retrace all the way back to Nov '16 levels in order to find support....
$AEON was quite hyped among twitter community back then the earliest of this year.
AEON is a coin with specifications below:
PoW algorithm: CryptoNight-Lite
Max supply: ~18.4 million
Block reward: smoothly decreasing
Block time: 240 seconds
Difficulty: retargets at every block
Right now it has 15,831,459 on circulating supply, but not quite volatile and liquid,...
Last couple of days Aeo has been range bound inside the cloud , so next few days we can expect a nice trend .
AEON looking to break thru kumo
Support at 0.786fib level
Price has broken above 20DMA which is providing support now.
RSI bullish & MACD bullish Divergence
Stoch RSI above 50
AEONUSD to never drop below $1.33 or 19000 sat again.
$1.33 AEON & 19000 sat lowest case scenario implies Bitcoin $7000.00 minimum
$373 per Aeon potential high, and $9.50 per Aeon potential low by Jan 1st 2019,