Big Picture: Trying to break from a long descending channel
Gaining momentum (Volume flowing in)
Crossing above resistance at ~780sats
UCTS Buy signal on the 12H
RSI about to reach Overbought levels
As targets ~940/1200sats
Losing support is an exit
My expectations about AIONBTC are, that it´s going to pump in few hours. There are some facts, why it should be like that. 1. Massive increase in volume 2. Aion respected trendline from April 2019 3. Bullish divergence 4. AION price stopped decreases on fib. retracement 200% from last big move up.
After a long and painful dump, $AION has finally found its bottom and bounced from one! BUY volumes prevail over sell ones, we can see a clear bullish mood and readiness to reversal the current downward trend. We have already recommended this coin for buying in our Public Telegram Channel (link below the chart), that time it cost 65 sats, now already 75 (which is...
We've been looking at all of these charts on Binance and other major exchanges, they are quite similar overall, at least the ones I pick for us to learn/trade... AIONBTC is one that is super bullish... Let's take a look.
The RSI here is sitting at 66.52, higher than most other alts before starting to move up.
Breaking passively above EMA50.
Slow steady growth...
AION/BTC has an interesting setup forming here.
This one is not tradeable yet.
In order for me to enter, I want to see the resistance at 104-105 broken, and ideally retested as support from above.
Once it gets reclaimed, that is where I'd enter (green circle on the chart).
Great potential for a pump.
Aion forming H/S pattern and increasing volume on right shoulder if we break strong resistence, AION should move UP towards 105 sats target.
Alt season will come and you will regret for not buying them
AION just crossed trendline lasting since beginning of April (long long downtrend). Moving averages also show the reversal. Should get at least to 85, while 92 also seem to be realistic. If the reversal will be confirmed (in case of further retracement of BTC) other targets marked on chart will also be hit.
Recently AION broke it's short-term downtrend resistance around 128 satoshis, which is a sign of new upcoming heights.
So, I suggest you to grab nice amount of AION and hold for a 250 satoshis. BTW it's 65x down from it's ATH.
$AION / $BTC
Flipped ~1200sats resistance into support, aiming for 1400sats resistance at next target (20%)
RSI reaching overbought (bullish)
Volume staying at good levels
Over 40% since UCTS Buy signal on the 12h chart already