The very definition of cup and handle! If market goes up, Aeternity can be a leader in our profits!
Aeternity has formed a double bottom at 1620 satoshis, then broke above the 50 Moving Average. After finding support at the 50 MA price just boomed, while AE/BTC went up up 6333 satoshis gaining almost 300%. On a corrective wave down price has cleanly rejected the 50% as well as 50 Moving Average suggesting the continuation of the uptrend. The next wave up could...
RSI not overbought or oversold Looking for breakout.
We aren't necessarily making any predictions, just highlighting the most obvious support and resistance we could find, while outlining our general trading trading strategy of buying near the long-term .618-.786 retracements, selling around the 1.27-1.618 extensions. If it holds support on the steepest green trend line, we believe that would be quite a bullish sign...
Technical analysis: . AETERNITY/ETHEREUM is in a Range Bound and Resumption of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.00539 to 0.00509). if so, traders can set orders based on...
Another look at Aeternity here before we see how this idea plays out. Accumulation is still increasing yet we're heading into oversold territory. Look for action soon, as any break out of this handle could send it running. Will revisit in 2-3 days if no vertical movement.
TARGETS ARE SET. ANY QUESTIONS ASK AWAY
addendum to last chart. Looks like an inverted head & shoulders on the breakout from handle. Buy now before it climbs again -- it's holding true to this fib ladder.
Looking good for $AE, which has a habit of ignoring bear market conditions. Accumulation still rising as it rises steadily in its channel out of the handle. Next target is 55 - 58k holding above 55, and then potentially new highs. GLTA
Aeternity`s chart is beauty. AE had a long accumulation. Recent high buy volume shows potential for a big leg up. Targets are based on fib extensions and cup length. Please note alt coins price actions are very depended on Bitcoin. So be careful when trading alt coins and always use stop loss.
Looks like we have a potential inflection point ahead as it tests the cloud. Has shown tons of strength holding at 47000-4800, could be a nice time for entry.
BINANCE:AEBTC Buy zone: 0.00045 - 0.0005 Sell targets: 1st target: 0.0006200 2nd target: 0.0009780 3rd target: 0.0013300 STOP-LOSS: Close 4H candle under 0.00044 *Dont forget to follow me*
Get ready for Aeternity. I will not trade or get out when BTC makes a final 5th wave down. I share my trading ideas, do not follow blindly! Please leave comments and get smarter together.
We've already had an epic week, but its possible $AE could be experiencing a "blue-sky breakout" as it's already set a new ATH -- with limited press and zero pump. I've taken some profits but am still holding onto a heavy bag, as this has $EOS-type potential in my opinion. Keep an eye on it. (Previous Post)