AI try to break out keep eye on it#AI/USDT
#metaverse token
$AI try to break out from long term descending resistance. if this daily candle close above the resistance it will head up to touch next resistance around $0.02460 that is the same with parallel descending trend line.
break out from $0.0246 will increase price toward major resistance zone between $0.031 and $0.038 that is around 0.618 fib level of last swing down.
AIUSDT
$AIUSDT sitting at good support level, ready to pump a 80% ?MULTIVERSE theme KUCOIN small cap gem, trading at support higher low formation.
$0.044 forming as new support after the retracement from previous high.. Retracement volume is healthy and forming good bullish pennant formation which is very similar to the previous rally.
MACD ready to reverse to positive, with upside potential of 80% with fibo extension level.
AI/USDT possibly turning bullishPrice action is in the mist of possibly forming an inverted head and shoulders AS LONG as price does not break the low it printer back in November 10. This would also complete a possible bull flag. (If that makes sense). Notice I'm saying "possibly" as there are no guarantees in trading; only statistics and probabilities However, if you research this coin and find out who is behind it and some of its investors and what port folios it belongs in perhaps you'll be just as bullish as me.
AI/USDT repeating same fractal as KCS/USDT? Multiverse may be on the verge of a monumental run. As we can see it has broken and maintained above the 21 week EMA (purple) for over 3 weeks in a row. This reminds me of back in January when KCS broke above and maintained support above the 21 EMA on the weekly. It's hard not to spot similarities between the two. KCS produced 2000% gains. With the recent boom of gaming and metaverse coins, it wouldn't be too shocking to see a similar run in Multiverse (AI).
Long AIUSDTLong AIUSDT
I will enter this trade after the breakout and retest of the monthly resistance of 0.05. Entry trigger 6H close above 0.053
1st Target - 0.068 zone
invalidation daily close below weekly close below 0.043
Like Multiverse/AI here Bought some AI here
higher high with potential higher low.
I am not betting my house on it, it is just setup I like to take.
AI Rounded Bottom - Short Term BullishBuy: 0.02 - 0.024
Stop Loss: 0.0195
Lets see how Bitcoin reacts in the short term but if we are stable I am bullish
