Long
AE Aeternity Inverse H&S w/ nested Cup and Handle Rocketship?
Hi. I'm back. Missed you all.
We have a good scenario brewing with our old friend AE right now.
Multiple bullish formations nested within a giant bull flag. This is a rarity and does not get much better than this.
8 hour chart shows we are above the 100 ema, which is providing strong support (coincidentally the bottom of the flag).
Entry should be placed upon a breakout of the indicated cup and handle neckline.
Stop loss along the green support line.
Macd has crossed and rsi provides room for growth.
First and second targets noted.
Good luck and happy trading.
We have a good scenario brewing with our old friend AE right now.
Multiple bullish formations nested within a giant bull flag. This is a rarity and does not get much better than this.
8 hour chart shows we are above the 100 ema, which is providing strong support (coincidentally the bottom of the flag).
Entry should be placed upon a breakout of the indicated cup and handle neckline.
Stop loss along the green support line.
Macd has crossed and rsi provides room for growth.
First and second targets noted.
Good luck and happy trading.
Note
Bull flag on the 15 minute. *Should* theoretically bring us well up above the neckline.
Note
*pennant*, not flag.Trade active
Breakout confirmed. And now we pray.
Note
Absolutely beautiful perfect touch of our indicated first resistance point. Should consolidate and reset the rsi a bit here for the next push up.
Note
reddit.com/r/Aeternity/comments/8p6i0g/aeternity_listed_on_bithumb_two_listings_in_one/And just listed on two huge exchanges. Volume nearly quadrupled since the listing of this post.
I mean...what's not to like?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.