What better than an AI Meme Coin to poke fun at the ridiculous AI hype?
A pun genius created it for us, it's called Aight.
And if it is almost illusory to want to do technical analysis on an early token - for the moment - with low volatility on Uniswap, I note a tightening of its price within a bullish falling wedge.
"Au diable le trading", I'm a fan of Aight's humor and wish it and his growing community of hodlers all the success they deserve for this brilliant humorous idea!
A pun genius created it for us, it's called Aight.
And if it is almost illusory to want to do technical analysis on an early token - for the moment - with low volatility on Uniswap, I note a tightening of its price within a bullish falling wedge.
"Au diable le trading", I'm a fan of Aight's humor and wish it and his growing community of hodlers all the success they deserve for this brilliant humorous idea!
Trade active:
There are two types of Falling Wedge (indeed we should rather use the denomination of Bullish Pennant on such a short time scale, but whatever):
The Falling Wedge which occurs in a downtrend which is a reversal pattern, so not the one we are analyzing here
The second type of Falling Wedge is the one considered here: it occurs in an uptrend and it is a Continuation Falling Wedge with Pullback, signaling a continuation of the previous uptrend. With the aim of the higher top of the Falling Wedge
The Pullback has just been validated on the resistance line before the Wedge Apex, the layout is very clean:
We are now waiting for the second flagpole
The Falling Wedge which occurs in a downtrend which is a reversal pattern, so not the one we are analyzing here
The second type of Falling Wedge is the one considered here: it occurs in an uptrend and it is a Continuation Falling Wedge with Pullback, signaling a continuation of the previous uptrend. With the aim of the higher top of the Falling Wedge
The Pullback has just been validated on the resistance line before the Wedge Apex, the layout is very clean:
We are now waiting for the second flagpole
Trade closed manually:
Thanks to the weak hands that allowed me to accumulate a nice amount of AIGHT at a very small price. Hold!
