Pair: AION/BTC
Exchange: Binance
Trade Duration: Short
Risk: Moderate
Introduction
Aion is a third-generation blockchain network that will enable any private or public sector organisation to:
• Federate: Send data and value between any Aion compliant blockchain and Ethereum.
• Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains.
• Spoke: Allow the creation of customised public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation.
Technical Analysis
- Found support on trendline (channel)
- Bullish RSI divergence
- Watching for the reclamation of the first target level (0.236 Fib) and re-test before other targets are met, otherwise it could well head to lower lows
- Daily bullish engulfing candle; trend reversal very likely
- We expect our targets to be met within 1-3 weeks
Our Entry Zone
0.0000270 - 0.0000300
Our Targets
1: 0.0000318
2: 0.0000404
3: 0.0000438
4: 0.0000487+
Our Stop Loss: 0.0000255
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Axsonex Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Exchange: Binance
Trade Duration: Short
Risk: Moderate
Introduction
Aion is a third-generation blockchain network that will enable any private or public sector organisation to:
• Federate: Send data and value between any Aion compliant blockchain and Ethereum.
• Scale: Provide fast transaction processing and increased data capacity to all Aion blockchains.
• Spoke: Allow the creation of customised public or private blockchains that maintain interoperability with other blockchains, but allow publishers to choose governance, consensus mechanisms, issuance, and participation.
Technical Analysis
- Found support on trendline (channel)
- Bullish RSI divergence
- Watching for the reclamation of the first target level (0.236 Fib) and re-test before other targets are met, otherwise it could well head to lower lows
- Daily bullish engulfing candle; trend reversal very likely
- We expect our targets to be met within 1-3 weeks
Our Entry Zone
0.0000270 - 0.0000300
Our Targets
1: 0.0000318
2: 0.0000404
3: 0.0000438
4: 0.0000487+
Our Stop Loss: 0.0000255
Don't forget to hit that like button and give us a follow, we really appreciate it!
Comment your thoughts below.
And most importantly, enjoy your day!
Axsonex Team
------------------------------------------
DISCLAIMER:
This analysis is not financial advice and the Axsonex are not financial advisors. We are sharing our opinion, nothing more.
Please do your due diligence. Trading cryptocurrencies is very high risk and you can lose your entire investment.
Estimated Profit: +9%