Bullish short term target for AION!
Updated
Here we should be expecting a play-out of an Ascending Broadening Wedge which could potentially bring us to a range of 2500-2700 sats 1.72% (in the pocket of a major resistance and the 0.786 fib-line. A conservative move would be to buy the breakout of the light blue downward channel , bullish confirmation signaled by the dark blue line (where waves E and C lie) or anywhere the in green region between.
Note
We're close to reaching the blue confirmation line, so staggering buys in the green box would be ideal. If we break the right side of the green box, I think we are likely to see a pullback and retest of the purple support (this is likely to happen if BTC takes a hit. Check out the BTC chart I just posted if you'd like to see my ideas.
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.