*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
I just loaded up on this one.
it's down 90% from ATH and the chart have just flashed a buy signal, conservatively speaking it would go 3x and potentially could go 5x.
although 30% wide stop range is scary but considering it's a small cap and you shouldn't be risking most of...
Upper trendline resistance has been broken. Price is looking to retest the trendline.
I will go into a long position if price retests trendline (resistance becomes support)
Use a tight stoploss and sell at next resistance level.
As simple as trading can be. AION just bounced from it's strong support level.
We will place a stop below to make a 50% profit. I just bought in and besides that I'm convinced that the crypto market is turning to a bullmarket again. I'll try to post an idea for crypto in general soon.
1st target: 2.30
2nd target: 2.66 (50ma)
Whats up fellow trader's and Crypto Heads!
Our CIO Mike has been a bit under the weather lately and we had a follower request to take a look at AION so, I'll be stepping in for him today!
Anywho, this will be a quick one, but it's a beautiful example of one of the reasons we need more banking licensed exchanges with higher volumes of crypto to fiat pairs!
Here we have no other than the silent but deadly AION. It has been quiet for a while and based on our fib time, we might be ready to rumble here VERY soon
Currently AION looks terrible, making lower lows and lower highs. Without Fibonacci, we’d have no clue where AION is at, but thanks to modern marvel and Fibonacci, we see that we’re currently at...
AION has formed a double topp near $4 area and wend down breaking above the 200 Moving Average. Although currently it is facing the support, that is the level where previously 4/1 Gann Fan trendline has been rejected.
In order for the correction down to continue, close below $3.2 is required. In this case AION/USD should decline further, down to 88.6% Fibonacci...