PRIVACY COIN AEON USD SETTING UP A MAJOR TURNING POINT FOR A NEW MULTI YEAR BULL CYCLE WITH THE HIGHER LOW IN PLAY IS POSITIVE SIGN NOW WE NEED TO JUST CRACK THIS $1 AREA OF RESISTANCE AND BEGIN THE BULL RUN. I DO BELIEVE THAT HISTORY WILL REPEAT AND WE WILL SOAR HIGH!
Too many areas of data confluence.. Keeping this revised idea for the record.
As you can see the first green Renko candles look to be formed on the weekly chart, confirmed once June 2nd price action closes - AEON-USD needs to maintain above $0.82-$0.83 until June 3rd. Only once in AEON's history has the green Renko reversal failed as a bullish signal - in Feb 2018 As you can see, from November 2017 to January 2018, a strong upward trend...
Aeon Cryptocurrency --- Release Sophia --- Current Version 12.5.0 Her correction has begun.
18700 bottom. Sophia, with her guidance, she has bearing on the rising of cryptocurrency as a whole.
AmericanPegasus/KatieCharm: Things are dark right now So many negative posts. Darkness. Despair. Hopelessness. We have hit a sour spot in psychology. Pile in as deep as you can, however frightening the technique may appear. The trench is too perfect. She will be named, Sophia Listen to her guidance.
AEONUSD to never drop below $1.33 or 19000 sat again. $1.33 AEON & 19000 sat lowest case scenario implies Bitcoin $7000.00 minimum (1÷.0001900)=5263.157894737*1.33=7000.00 $373 per Aeon potential high, and $9.50 per Aeon potential low by Jan 1st 2019,
buy the bounce, sell the rejection, rebuy the breakout, add more on the retest :)
Aeon has lost 80% of the USD value after it corrected from the $9.5 all-time high, down to $1.95. But the key support level is at $2.8, that is 227.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. At first, $2.8 support has been rejected but then price broke below down to $1.9 and almost immediately went back up...
Price has formed a bullish falling wedge and has retested the December breakout. Confirmation of the move up comes when RSI Price and MACD breakout. GL
Great little privacy coin this with great potential in 2018. With Asian regulators trying their best to tax and shut down Crypto - where is the money likely to flow to!
What an interesting chart. While RSI has set a series of lower peaks, I don't think it's negative divergence because the MACD doesn't really back that up. Since price has done nothing but climb, I think the RSI is gathering power for a super breakout. You don't see a weekly RSI coil in overbought territory often, and when it breaks out the move is pretty nice. ...
Sometimes it is worthwhile to zoom out and see the long term picture.
Point : I'm in this for the long haul as I like the functionality of this coin as it is akin to litecoin to bitcoin, with monero. However if you are looking for a short pop I think we're about to get it here. Prices have been slowly climbing and you can see the intraday pattern well on the 4HR chart where we have climbed recently and held the gains well. So...