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?
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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"
Golden cross, both EMAs and MAs
Retested diagonal resistance
This gave me enough confidence to go for a long position.
if BTC.D remains like this and BTC behaves, then I think it can make a massive ride to the north
As per chart below, a bullish formation and a bullish candle on the 12HRLY\DAILY.
1 can make a case for a V shape or cup and handle formation in the micro level.
Shorter time frame: 12 HRLY chart
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...
Just for the record, I don't want to see like another "mah bullish altszn coinzz durr", but when opportunities present themselves, you need to take a chance.
I had all but lost faith in AION, but looking at it again now and the formation we're making (defending wedge - not the best example, but notable nonetheless), plus the reaction from that previous support...
Low sell orders = most sellers left market already -> bottomed.
Buy orders filling in dip, can be seen in volume.
100MA + 50MA crossover = bullish
flattening downtrending support = low selling pressure
parabolic decline shows seller pressure decreasing rapidly from top of market cycle.
$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.
AION vs BTC chart looks bullish: bounced off EMA200 (should be acting as support now);
Important trendline broken, another one still to be taken out, expect rapid rally once that's done.
Target for now: ~1900-ish sats
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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