Another trade opportunity for altcoins - AION/BTC Massive "Railroad Tracks" candlestick formation, definitely wait for candle close if You want to open Your trade! Fib is currently at a very good level, nice bounce from there! Very good trendline setup, nice big and smooth waves on the trendline! So there is nice technical price action and AION is strong coin...
AION has formed a double topp near $4 area and wend down breaking above the 200 Moving Average. Although currently it is facing the support, that is the level where previously 4/1 Gann Fan trendline has been rejected. In order for the correction down to continue, close below $3.2 is required. In this case AION/USD should decline further, down to 88.6% Fibonacci...
Horizontal support provided by top of cup and handle pattern as aggressive buy zone. Mid term uptrend support as regular buy zone.
On the AION/USD 1D chart MA's are about to cross bullish. The AION/BTC 1D chart MA's are allready bullish. With the mainnet comming up soon things are looking very good for AION.