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
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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....
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...
Aeternity (AEBTC) just woke up after hitting a new low and is preparing for a strong bullish move.
Currently, prices just conquered EMA50 and green/bullish volume is starting to show up.
This is a very easy setup, within just a few weeks, we are very likely to see Aeternity make a very strong jump.
Remember to have a plan and use a stop-loss if you decide to...
AE manages to break outside the trend-line resistance and the price is already trading above 50D MA.
AE is quite looking bullish and has the potential to retest the resistance area up around 2200 - 2400 sats.
Entry : 0.00001817 - 0.00001627
Target 1 : 0.00001992
Target 2 : 0.00002092
Target 3 : 0.00002199
Target 4 : 0.00002456
Target 5 : 0.00002734
Stop loss : 0.00001588
Risk/Reward : 10%/53%
Do not risk a large amount of your money
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press...
$AE Aeternity is quietly bouncing off of a double-bottom on the 1- and 3-day candlestick closes. The prudent thing to do is wait for the daily candle to close and await more confirmation. However since many alts in $BTC pairings are painting possible bottom reversal patterns this seems like a valid risk to take now. It also aligns with the apex of a falling wedge....
I have been analyzing altcoins today and I like Aeternity because shows some strength at the key pivot. Also, this coin can show some relief after an enormous downtrend. I am interested now and setup will be invalid if we are going to close below 1900 satoshis.