$AE Aeternity is quietly bouncing off of a double-bottom on the 1- and 3-day candlestick closes. The prudent thing to do is wait for the daily candle to close and await more confirmation. However since many alts in $BTC pairings are painting possible bottom reversal patterns this seems like a valid risk to take now. It also aligns with the apex of a falling wedge. I'd like to see more volume as confirmation of a breakout if this is the real deal.
I've started a long entry now but will watch this as double-bottoms usually take on a more rounded formation than the sharper 1st bottom.
Target is 2700 sats: the previous peak in-between the 100-day troughs.
I've started a long entry now but will watch this as double-bottoms usually take on a more rounded formation than the sharper 1st bottom.
Target is 2700 sats: the previous peak in-between the 100-day troughs.