💎Technical Analysis Summary💎
-AION broke the key support area at 900 sat
-This is not good in the midterm for the Bulls
-Since this level of support is breached
-The yearly swing Low is likely to be tested at 600 sat range
-AION may continue to drop by another -17%
-I recommend to watch and look for Bullish rejections
-And any potential...
-This coin tested the 200D MA dynamic support area
-We can see a strong bounce up reaction today
-Also, 1090 sat region is a confluence of previous support and resistance
-If you are an aggressive buyer, you could already start scale in at a market price
-You will have to gain big rewards but higher risk without extra confirmation
-While conservative or...
-Found support at the previous key area around 850 range
-This zone is a confluence of previous support and resistance
-AION is likely to retest the trendline resistance
-And if the resistance will be breakthrough
-The next target is up to 1600 or higher
-It is too early to say this mid-term targets
-But I will wait for the breakout confirmation
AION/BTC is in a big BULLISH TRIANGLE!
The green circle target would be an aggressive entry on support and entry before the breakout.
Another entry would be the breakout.
Stops in place just below support - choose a risk tolerance that is right for you..
Trade safe my friends...
-broke downward resist line
-manages to get above 50ma
-strong multiple bullish candles
-must hold current price levels
-new immediate support at 1000s range
-upside potential is up to 1200s-swing high
-key tight stoploss is below 20ma or 970s
Priceline of AION / Bitcoin cryptocurrency has formed a bullish Cypher and it is entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
Price action is hitting the 50 simple moving average support it might take bounce from this moving...
Potential 10-25% upside with increasing interest in the coin due to #mainnet event in May
Target 1: 390
Target 2: 409
Target 3: 453
In the event #aion closes above 364, we will see potential run up to 390 due to the small double bottom formed (pink). Next target will be at 409 after the coin was able to breakout of its descending triangle couple of days back in...
AION is the next favorte token i have on my list. I love it because it's background. The Aion Network is a multi-tier blockchain system designed to address scalability, privacy, and interoperability. It's a great platform that currently sitting #67 on coinmarketcap.com and having 466 mils total supply while only almost half of them on the circulating.