Long
AION to overperform BTC
Inverted Head and Shoulders in the making. Once it breaks the neckline, it should fly. Target 885 sats. Notice the high volume last months. AION looks strong. Check the related idea for AIONUSDT trade.
Note
AION: "Proteck your neck(line), Bitcoin!"Second try - will the price break up straight away or consolidate a little bit first? Volume rising again.
Note
Yesterday was the breakout day. Again notice the higher volume. As shown on the pic below, as next I would expect consolidation above the neckline followed by it's retest. Then could start another leg up.Trade closed: target reached
TP hit on 10/04/2021, just doing late update.Trade active
As AION is back near neckline and trendline (see the confluence in blue box), and I'm slowly starting to load new longs. Small size, as it can still drop down more.
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Related publications
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.