AION (AIONBTC) is looking really bullish and just moved above EMA50 on increasing volume.
We can easily see a 35-50% jump in the coming days.
The indicators are bullish as well as the entire chart.
Remember to use a stop-loss and have a plan/strategy if you decide to trade.
Always research and take your time before taking any action. And remember, it doesn't...
As promised, a different chart everyday!
Today’s chart will be on AIONBTC, a potential 246% bounce from major support!
Points to consider
- Testing major support
- Stoch’s showing upwards momentum
- RSI bouncing of support
- Potential bullish Divergence
- EMA’s acting as resistance
- High Volume spikes
- VPVR showing low volume of...
Retesting ~800sats support for the 1st time, Waiting to see if it finds Buying volume at this level...
Sitting at EMA50
UCTS Sell signal on almost every TF
Wait for Volume before taking any positions..
If it does not hold, straight to ~650 sats
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
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.
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.
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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