All the major moving averages are already properly aligned except the ema 5
which in a few days will cross above ema20.
The last 3 candles saw horizontal consolidation above the 7.32 strong pivot support., with the indicators maintaining high momentum w/o crossing down.
It already tested 8.84 the next horizontal resistance (also a GANN fan line)
Breakout of 8.84...
Aragon is setting up for something BIG.
If you remember (you probably forgot) we called the pump in Aragon at the end of 2020 perfectly.
Now it appears as though we are coiling up for another run but first we must overcome certain "hurdles".
We need to start to break out of this sideways base, peek above the trendline and then we have unlimited upside.
Accumulate on Dips..
Reenter @ $ 4.1 - $ 1.9 levels, Target $ 5.485
If crosses $ 5.5 by October target revise to $ 7.85
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As I previously mentioned before the pump. ANTUSD was a good coin to get into, not for fundamental reasons simply because of technical analysis.
If you know some of the course material then you will know that we created a perfect N pattern.
More upside is expected however from here we will most likely start to drop along with bitcoin.
Its always good to monitor markets that had strong gainers yesterday and than on a pullback the chance for a low risk entry occurs.
To monitor the best performing coins from yesterday I setup an alert, so everytime the developing POC is crossed I take a look at the market...
Coin ANT (ARAGON), I have no idea what the project is about, if anyone knows write in the comments.
On the weekly chart the price has formed a simple technical analysis pattern of a rounded bottom or arc. The price usually signals about the continuation of the upward movement, at the moment the price is approaching the upper boundary of this pattern....