Looking at something a bit more random here- AION is a smallcap ?altcoin that has shown some serious volatility in the past. I believe it is seeking to complete Wave 5 here at some stage. No rush. FibGoals are there. NFA.
💎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...
Take a look. AION failed to broke a resistance level and the price dips on what it seems to be a sideways zone
The price will only look bullish to me if we break and accumulate above that resistance level.
-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 has been in this channel for a while but LONGTERM AION is going to blow the sox off most ALTS, to many great fundamentals, because of all the new ALTCOINS coming out in 2020 most people have forgotten about the old tried and true coins of the past. AION is the BIGGEST old sleeper coin with the best upside.
The big red diagonal line is the connection between the two big waves Resistance levl.
Right now price is at the bottom due to the multiple respects to the horizontal and other diagonal S/R levels.
What is your opinion about it?
Write it in the comments
AION is sitting at the bottom of the monthly Gaussian Channel
This is a buy signal
Personally I may buy this and hold for awhile just to take profits when the middle of Gaussian channel is reached, hence the "long flip"
$Aion breakout is confirmed today , are we heading to 50%/100%?
First target ahead 1569 sats , if resistance become support at this zone, we'r heading to 2k sats.
SL if it breaks Support 1 @ 1040.
Trade safe, Stay safe.