AE-BTC medium and long term
Updated
Greetings,
AE coin is traded on many exchanges, including the top 10. From May to August, like most alto coins were in an upward trend.
After the reversal of the alto coin market, the price formed a falling wedge and went beyond the channel, then the price broke through the wedge with a rise in price of 60%. At the moment, the correction, and locally on the 4-hour chart, the price has formed a bullish flag, a pattern of trend continuation, and the potential of working out the pattern for the length of the flagpole about 50%.
Further, if the price breaks through the main channel and gets fixed above the lower boundary, the movement potential in the channel is +100%.
Possible trading options:
1. Bull flag breakage
2. from the lower boundary of the channel
Always use Stop Loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you find the information useful, take a liking and sign so you don't miss anything.
AE coin is traded on many exchanges, including the top 10. From May to August, like most alto coins were in an upward trend.
After the reversal of the alto coin market, the price formed a falling wedge and went beyond the channel, then the price broke through the wedge with a rise in price of 60%. At the moment, the correction, and locally on the 4-hour chart, the price has formed a bullish flag, a pattern of trend continuation, and the potential of working out the pattern for the length of the flagpole about 50%.
Further, if the price breaks through the main channel and gets fixed above the lower boundary, the movement potential in the channel is +100%.
Possible trading options:
1. Bull flag breakage
2. from the lower boundary of the channel
Always use Stop Loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you find the information useful, take a liking and sign so you don't miss anything.
Note
Trade closed: target reached
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