Which path will AION follow?
Updated
AIONBTC is forming an ascending triangle and a symmetrical triangle, we need to watch it closely for a possible good buy opportunity.
Comment
Look at that crazy movement and look at BTC... Once again Bitcoin ruins the party, AION broke up the ascending triangle but couldn't find support above it, dropped back down to the dynamic support line. Added to that it has now formed a bearish wedge, you should be exiting this coin if it breaks the wedge down. On the other hand, it would be a clear buy signal if AION breaks above 710-715 and closes above that area.Order cancelled
Symmetrical triangle has been broken downwards, didn't give a buy opportunity so trading is cancelled.Comment
As the tables turned around, I am expecting AION to fall down to 560.
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.