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Long

AION to overperform BTC

By bizmark
Updated
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.
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AION: "Proteck your neck(line), Bitcoin!"
Second try - will the price break up straight away or consolidate a little bit first? Volume rising again.
snapshot
Comment
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.
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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.
snapshot
aionAIONBTCBitcoin (Cryptocurrency)BTCChart PatternscryptoinvertedheadandshouldersTrend Analysis
bizmark

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