While I know I can have a bearish perspective, AION is seeing massive accumulation, greater than the volumes it saw during its last uptrend. From a FA perspective, the coin has a solid team and an incredibly useful product.
Looking at the chart, this large spike in consistent volume represents accumulation, yet the price hasnt moved upward. In theory, we should see the price rise here once resistances are passed. I am currently setting three targets for this trade at each of the resistance lines on the daily chart. We have just turned this most recent resistance line into support and can expect that next level to be achieved by AION.
Rest of chart is selfexplanatory as are the targets. Remember always to take profit at regular intervals and let's make some money!
Looking at the chart, this large spike in consistent volume represents accumulation, yet the price hasnt moved upward. In theory, we should see the price rise here once resistances are passed. I am currently setting three targets for this trade at each of the resistance lines on the daily chart. We have just turned this most recent resistance line into support and can expect that next level to be achieved by AION.
Rest of chart is selfexplanatory as are the targets. Remember always to take profit at regular intervals and let's make some money!
Comment:
Target one hit. Mainnet is launching April 25th. I’m expecting more upside for this trade
Comment:
Up roughly 20%. Long term those targets I have full confidence in, but I will be taking profits at the second target level around 5,000ish sats and look to rebuy around 4,000ish
Comment:
Weve confirmed the historic Resistance as support now. Still bullish.