Long
AERGO bullrun ahead
Fundamentals:
Aergo is a Korean based Crypto helping businesses using their data to take part in the blockchain industry. With apps using banking and stock services.
It also handles NFT based transactions.
Technical Analysis:
As you can see there is a huge inverted H+S in play (grey arches) and a Cup'n Handle (blue arches).
Moreover i used Fibonaccis from last Price Action to identify locations of interest and
showing 2 straight white lines on the Logarithmic MACD giving us a perfect convergence.
IMO if the Cup'n Handle plays out we will have a local top in the regression channel around the 1.236 at 1015 satoshis,
correct down and finally arrive up onto the 1.618 Fibonacci at around 1527-1864 satoshis.
This is the medium term.
Longterm i can see the inv H+S playing out after a retest in the 600 Satoshis region, bringing us up to 2.618 around 4445 satoshis.
Keep in mind that this goal is very hypothetical!
Sumup:
1st Target Fib 1.236 - 1015 Sats
2nd Target Fib 1.618 - 1527 Sats
(3rd Target Fib 2.618 - 4445 Sats)
Thank you for reading. Give me a thumbs up if you like it and follow me for more updates on Crypto and Stocks.
Feel free to comment and start a discussion.
Disclaimer: The offered chart and it's assumptions are my own opinion and not a trading advice.
As referencee i but up my old
AQMS Aqua Metals Chart where you can see a similar price action. Assuming crypto is much faster with that price action i reckon AQMS could mimic AERGO/BTC in the future. Giving another opportunity to act in the stock market. ;)
Aergo is a Korean based Crypto helping businesses using their data to take part in the blockchain industry. With apps using banking and stock services.
It also handles NFT based transactions.
Technical Analysis:
As you can see there is a huge inverted H+S in play (grey arches) and a Cup'n Handle (blue arches).
Moreover i used Fibonaccis from last Price Action to identify locations of interest and
showing 2 straight white lines on the Logarithmic MACD giving us a perfect convergence.
IMO if the Cup'n Handle plays out we will have a local top in the regression channel around the 1.236 at 1015 satoshis,
correct down and finally arrive up onto the 1.618 Fibonacci at around 1527-1864 satoshis.
This is the medium term.
Longterm i can see the inv H+S playing out after a retest in the 600 Satoshis region, bringing us up to 2.618 around 4445 satoshis.
Keep in mind that this goal is very hypothetical!
Sumup:
1st Target Fib 1.236 - 1015 Sats
2nd Target Fib 1.618 - 1527 Sats
(3rd Target Fib 2.618 - 4445 Sats)
Thank you for reading. Give me a thumbs up if you like it and follow me for more updates on Crypto and Stocks.
Feel free to comment and start a discussion.
Disclaimer: The offered chart and it's assumptions are my own opinion and not a trading advice.
As referencee i but up my old
AQMS Aqua Metals Chart where you can see a similar price action. Assuming crypto is much faster with that price action i reckon AQMS could mimic AERGO/BTC in the future. Giving another opportunity to act in the stock market. ;)Note
today 21th December we had a 30% pump nicelooking forward to go up slowly now
Note
new trading idea:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.