Aion Retracing Since Feb. 2020, Finds Support, 125% Next!
Aion (AIONBTC) found support after a very long correction that lasted over 210 days.
How to tell that support has been found?
There are many tools we can use but we like to keep it simple... Simple is best.
The first signal we look at is the trading volume.
1) Today we have really good volume for AIONBTC with a very strong bullish candle.
2) Prices are now trading above EMA10/EMA21 and challenged all the way to EMA50... All in one single candle.
3) We have a higher low compared to January 2020.
4) As well as hidden bullish divergence with the MACD starting in March.
5) The RSI is above 50 which also favors the bulls.
These are just a few...
Prices can grow from here and easily print 125% growth or more...
If the higher low holds, we can also see a higher high next which will go beyond the 125% just mentioned.
Conditions for change
If prices move and close below 0.00000657, the above signals are invalidated.
When trading, this level can be used as a stop-loss.
We use manual stop-loss when trading cryptocurrency because these markets are highly volatile.
Remember to hit LIKE!
Namaste.
How to tell that support has been found?
There are many tools we can use but we like to keep it simple... Simple is best.
The first signal we look at is the trading volume.
1) Today we have really good volume for AIONBTC with a very strong bullish candle.
2) Prices are now trading above EMA10/EMA21 and challenged all the way to EMA50... All in one single candle.
3) We have a higher low compared to January 2020.
4) As well as hidden bullish divergence with the MACD starting in March.
5) The RSI is above 50 which also favors the bulls.
These are just a few...
Prices can grow from here and easily print 125% growth or more...
If the higher low holds, we can also see a higher high next which will go beyond the 125% just mentioned.
Conditions for change
If prices move and close below 0.00000657, the above signals are invalidated.
When trading, this level can be used as a stop-loss.
We use manual stop-loss when trading cryptocurrency because these markets are highly volatile.
Remember to hit LIKE!
Namaste.
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lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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