AION Big Breakout Imminent
Updated
Been a while, been patiently waited.
There have been some big "breakouts" lately. Remember that if something is $10, and it drops 50% in value, its then $5. If it goes up 50%, its only $7.50. This should be kept in mind when thinking about whether or not this breakout can keep going higher. Nano for instance keeps going up, because it has fallen so far down. So here is AION, which I think looks like NANO from 2-3 days ago.
MACD positive trend + inverse head and shoulders about to complete (always delayed).
MACD histogram showing steady decrease in selling.
MACD histogram set a higher high in comparison to last peak.
RSI positive trend + inverse head and shoulders already complete.
RSI into the neutral zone +40 with room to go.
RSI Broke recent three month long resistance.
Price broke recent three month long resistance.
AION Is my bet for the next NANO-like breakout over the next 2 days if BTC and the market can stay flat.
There have been some big "breakouts" lately. Remember that if something is $10, and it drops 50% in value, its then $5. If it goes up 50%, its only $7.50. This should be kept in mind when thinking about whether or not this breakout can keep going higher. Nano for instance keeps going up, because it has fallen so far down. So here is AION, which I think looks like NANO from 2-3 days ago.
MACD positive trend + inverse head and shoulders about to complete (always delayed).
MACD histogram showing steady decrease in selling.
MACD histogram set a higher high in comparison to last peak.
RSI positive trend + inverse head and shoulders already complete.
RSI into the neutral zone +40 with room to go.
RSI Broke recent three month long resistance.
Price broke recent three month long resistance.
AION Is my bet for the next NANO-like breakout over the next 2 days if BTC and the market can stay flat.
Note
Saw a near 25% gain from 770 to 950. Since then, things have slowed down and its slowly retraced back completely to 750 at the time of this post. The order book has seen some massive sell walls which has stunted this breakout. I think they are fake, and that the sell walls are compressing the action before another breakout up to 950 again, at least, probably even higher. If it breaks out but does not reach 950, then I would consider that bearish and look to get out. Again, hoping BTC stays flat.Note
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Looking for a day candle to close as a new high to confirm next move upward.
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Good start here for the next wave up.Note
Right into the target, profits taken, time to let it simmer down because its volatility is out of control right now.
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Retested the neckline 850 from my chart yesterday which was optimal buy in point as well, based on a 50% fib retracement. On the up again, likely to retest the 1050 zone.Note
Target zone to buy in. Looking for a structure to form before a breakout. Might get a couple bounces into this target purchase zone before it makes the final leg. Also could see a surprise wick drop below the target zone onto the neckline.
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