AE/BTC -Aeternity is almost back at previous trading channel -Since the strong pump up to 2400 sat level -Where do we expect to see a reaction bounce up? -The area between 1700-1600 is ideal for a potential reaction -This zone is a confluence of previous resistance zone & 200D MA support -Take note also of the upward trendline of support -This will give extra...
AE/BTC -bullish reaction on the 50D MA -holding off the strong area of confluence -forming a bullish pattern -you can enter the break/close above the trendline -target is the recent top at 1762 sat or higher -stop-loss is placed under the green support zone
Many trenches above the price. Should price retrace higher to the 1.42 zone, it will be a good opportunity to take a short trade. Next support zone ~ 1.3666