As shown in chart AIONBTC rise in a wonderful performance
The best thing in this chart there is no pump and dump yet :)
Rsi indicator says we are in over bought so we expect a decline to meet our row, .......
Then break it or rebound we will see!!!
I have used 2H time-frame for short-term trading. AION made it's ATH and had a decent correction recently. It found support on 43500 stoshi. At the moment, it's on 53800 stoshi and it's trying to breakout.
Trading:
Buy Limit: 48500-52500 Stoshi (If you want to get in now)
Sell Target 1: 66,270 Stoshi (Short-Term)
Sell Target 2: 86,120 Stoshi...
It looks like a break out occured in AION for short term interval.
Above the 5400 support possible targets are 5870-6245-6620
If it does not return below the red support zone, it will try to make upward moves.
I see the slight sell off due to the short spike in BTC price. AION has news coming out about a Global Telcom company partnership in the coming week or so. This will cause a sharp increase in Price. If it is really a big company then the first retracement may become void. Look for a level of 6800. AION is one of the most promising coins/tokens of late 2017...
AION looking to consolidate before moving higher. Lots of opportunity to be had in the consolidation pattern. Inside bar formed last hour. The fib support is a sign of how volatile this name is.
Something I noticed during today's Bitcoin breakout was that this coin went up WITH bitcoin. However, after the major rocket-ship to 71780 sats, we see it returning to...
You could jump into AION right now or wait a little bit and hope it reaches the green zone. Forming a big symmetrical triangle with clear support and resistance levels. Both indicators are looking good as well.
Set a stop loss between 5-10% from you bought in.
