Long
$AION USD - Jaw dropping 3rd wave 250% gain at 1:18 risk/reward
Updated
Well guys,
Here we have no other than the silent but deadly AION. It has been quiet for a while and based on our fib time, we might be ready to rumble here VERY soon
Currently AION looks terrible, making lower lows and lower highs. Without Fibonacci, we’d have no clue where AION is at, but thanks to modern marvel and Fibonacci, we see that we’re currently at the .786 retracement for this second wave. A typical 1-2 setup for the third at around 2.618 expansion.
So even though we’re trading below the 10D EMA and 100D MA, I’d say we have a trade here. Chance takers might want to put in a buy order some where close to the .786 retracement at $2.35 or so, but since this leg is super long, we can wait for confirmation above the 100D MA prior to putting in our trade:
Entry above 100D MA or $3.00
Stop below $2.60
Target: $10.50 - start taking profit above $7.5
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Here we have no other than the silent but deadly AION. It has been quiet for a while and based on our fib time, we might be ready to rumble here VERY soon
Currently AION looks terrible, making lower lows and lower highs. Without Fibonacci, we’d have no clue where AION is at, but thanks to modern marvel and Fibonacci, we see that we’re currently at the .786 retracement for this second wave. A typical 1-2 setup for the third at around 2.618 expansion.
So even though we’re trading below the 10D EMA and 100D MA, I’d say we have a trade here. Chance takers might want to put in a buy order some where close to the .786 retracement at $2.35 or so, but since this leg is super long, we can wait for confirmation above the 100D MA prior to putting in our trade:
Entry above 100D MA or $3.00
Stop below $2.60
Target: $10.50 - start taking profit above $7.5
Found this idea to be entertaining or absolute garbage? Feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi-San
*The ideas and comments expressed herein are my personal opinions and should not be taken as financial advice. Being a trader, at any given point in time, I may or may not be holding the asset in question. This is not a recommendation to buy, sell, or hold.*
Note
Ok good thing our trade didn't hit the last time but since we have bottomed out we have a fantastic trade here:Entry at $2.05
Exit at $4.00
Stop at $1.75
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