$AEROUSD an alt worth watching?
AEROUSD Finance (by request):This altcoin is an AMM for BASE (
COIN).We rejected from the $1 level at the channel bottom as anticipated. This month I hope to see us set a higher low, against the $0.40 cent bottom in July (blue half-circle, around $0.55), ready to re-test the $1 level by the end of the month, assuming
BTC can find its legs. Bear case would be a breakdown of our white trend-line since March, falling to a double bottom at ~$0.40 (red flag)https://www.tradingview.com/x/JVIjPUsn/
Remember, the altcoin market is a derivative of the Bitcoin market, so expect the price action of
AEROUSD to move with BTC, but with a higher beta. The exciting setup is that AEROUSD will probably trade with BTC bullishness - so if we can get into the top half of the channel, there is almost no resistance between ~$1.40 and the channel high at $2.
-dawson
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