Hi dear friends, hope you are well, and welcome to the new trade setup of AION coin.
During the previous market crash, AION formed a big bullish Shark which I shared as below:
Now during the current drop, AION has formed another bullish Shark, on a weekly time frame. There is also a very strong support zone below the buying zone which AION never broke down.
Looks like Aion/usdt still didn't start the rally, although it jumped 100% in a day however, 1D candle closed in the support zone area (yellow rectangular) is a good buy point for investors
Goals are clear on chart for scalping
Entry point for scalping: breakout the zone area (yellow rectangular) and close candle for 4H (1D for a better confirmation)
AION is currently breaking out
Using this channel I have placed, a top can be predicted at around 0.7 - 0.8
Notice the indicator within the first green circle is very similar to the next, expect a large move to follow through and continue the indicators pattern
One of my first charts for AIONUSD
The price has been consolidating on 200EMA/key level for over 100days. Now as the mid channel support(purple) is coming in, it may have another chance to break above 0.1870 local resistance(red) and 0.2144(macro resistance). In case of a dump we can expect the price to find support somewhere in the zone of demand(green), possibly 0.1341.
Entry: buy as low as...
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Everything on the chart.
open pos: market and lower
target: 0.22 - 0.27 - 0.32
after first target reached move ur stop to breakeven
stop: ~0.14 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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The live Aion price today is $0.185444 USD with a 24-hour trading volume of $5,763,920 USD. We update our AION to USD price in real-time. Aion is up 4.17% in the last 24 hours. The current CoinMarketCap ranking is #479, with a live market cap of $92,331,592 USD. It has a circulating supply of 497,893,963 AION coins and the max. supply is not available.
The asset breaks up from the accumulation zone. Many coins that have recently had a similar triangle pattern fly very high after it breaks up.
AION demonstrates a pattern similar to the coins that fly up after the breakout of the triangle. There is a promising opportunity to open a long position with the expectation of a take-profit area above $1.
There is a probability of first tp to the proposed ( 0.7 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: AIONUSDT Waiting for the Range Bound and the beginning of the Ascension Trend.
💎 AIONUSDT has formed a Cup & Handle pattern., The price will move up to the Resistance zone . If it breaks above the zone then there is a Chance that I continues the Bullish move
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.1665 - 0.1745
☕️ TP1 0.2430
🍺 TP2 0.2965
🍻 TP3 0.3465
🍾 TP4 0.4315
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$AION is in a candle that determine a break or not. keep eye on it. a break out from descending resistance can cause 40% - 80% increase in mid term. that is a strong resistance between 0.5 and 0.618 fib level of last major swing low.