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...
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.
Adding to position here. Analysis based on Wyckoff Accumulation Schematic #1 (Google for ref). Although we have not reclaimed and established ST in phase B as support level I like my risk definition at these levels and will happily cut the position if we see new lows, follow by complete reassessment.
AION broke back above resistance here and close above support could mean it can attempt at higher prices
Would like to see MFI trend upwards before I take a position
Volume seems to be coming back as well so will watch for daily close here
Cloud is very thin and could turn green soon
AION has been showing strength amid the alt-bloodbath
A break above the overhead resistance would be the safest entry for a long
A break of the demand level that we bounced off with volume would be a red flag and would need to wait for it to find support lower
AIONBTC appears to be forming an inverse head and shoulders on the 4 hour chart, a break out from the neckline would see an upside target of around 0.0000677, from it's current price the upside would be around 90% with the ability to place a fairly tight stop below the tip of the right shoulder.
I've been all over this for several successful trades and looks like we can catch another one...
Here we have BINANCE:AIONBTC on the daily and a possible cup and handle set up...
Targets in white...Let's get it!
You know what they say, chart show the news.
Seems absolute true with Aion. Chart looks beautiful with 20 weeks of accumulation and now at first resistance.
- Volume has been increasing over the last 20 weeks with only little price movement.
- Big news coming up. (release information regarding staking and AVM mainnet release in the end of May) all coincides...
#AION is forming an iHS with a trending and horizantal neckline
Breaking through these necklines will lead the measured target of 0.00005000
However, I am patiently looking for a target of 0.00006500
#AION recently had an ascending triangle breakout as well
The Aion multi-tier blockchain network is like a computer network, providing a protocol and standard for dissimilar systems to communicate. There is an upcoming MainNet launch of this project by the end of May'2019 and could be one of the cryptocurrencies with upside potential.
It might affect AION price analysis so let's analyze daily Timeframe chart of the pair...