AIOZ Long Swing Trade OpportunityMarket Context:
AIOZ is approaching a key support level, which offers a potential bounce opportunity for a swing trade setup.
Trade Details:
Entry Zone: Around $0.36
Take Profit Targets:
$0.50
$0.60
Stop Loss: Below $0.33
This setup aims to capitalize on the support level holding for a move to the upside. 📈
AIOZUSDT
TradeCityPro | AIOZ: Harnessing AI in Crypto's Competitive Arena👋 Welcome to TradeCityPro!
In this analysis, I want to review the AIOZ coin for you. This project is one of the AI projects and competes with other numerous AI crypto projects.
📅 Daily Time Frame
In the daily timeframe, we are observing a ranging trend that is slightly accompanied by bullish momentum, and there is a possibility of breaking the range ceiling and becoming bullish.
🔍 Currently, the price has started a bullish trend from the low of 0.36363, reaching up to 1.20904, and is now in a correction and rest phase. The correctional range box is between 0.73691 to 1.20904.
📊 The support at 0.73691, which overlaps with the 0.382 Fibonacci correction, has created an important PRZ (Potential Reversal Zone). Currently, for the third time, the support at 0.73691 is being tested, and every time the price reaches this area, a volume of buying enters the market, and this time, as we are seeing today, a significant amount of buying volume has entered.
✨ The RSI oscillator currently does not have a specific trigger, and we need to wait until the price breaks one of the important areas. If the support at 0.73691 is broken, the RSI trigger would be breaking below 30, and if 1.20904 is breached, the trigger for this oscillator would be breaking above 70 and entering the Overbuy zone.
📉 If the support at 0.73691 is broken, the next supports are the 0.5 and 0.618 Fibonacci areas, with the 0.618 zone overlapping at 0.55669, which makes this area more significant. If this area is breached, it can be said that the bullish momentum is completely lost, and the price could move towards 0.36363.
🔼 The main support is at 0.36363, which is very important, and if this level is broken, it confirms a trend change. On the other hand, if 1.20904 is broken, it confirms the trend turning bullish, and we could witness the next bullish leg.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
AIOZ Network (AIOZ)AIOZ Network is a Decentralized Physical Infrastructure Network that rewards you for sharing your computational resources for storing, transcoding, and streaming digital media content and powering decentralized AI computation.
Anyway, AIOZ chart is one of those charts that teaches an important lesson: just because the asset/project was in a downtrend, a long one, doesn't mean it is dead and cannot climb all the way up, even further. That exactly what AIOZ did; broke the major downtrend line and went up to the ATH, broke it too, and went up more. After the ATH, AIOZ entered an uncharted territory, to buy AIOZ for spot holding, one has to wait for a major correction. Let's see what happens.
#AIOZ Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
AIOZ is trading within a descending parallel channel, and the price is currently near the support level at $0.33. Given the ongoing downtrend, it’s likely that AIOZ will test this support level or even the lower boundary of the channel.
A rebound from the current price or the support levels could trigger a bullish rally, potentially aiming for $1.059, representing a 220% gain.
Key levels:
- Primary Support: $0.33.
- Lower Support: $0.244-$0.27.
- Primary Resistance: $0.49.
- Target: $1.059.
DYOR, NFA.
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Trade Setup: AIOZ Long PositionMarket Context: $AIOZ is currently seeking support above $0.40, with expectations of one more retest at this level, as BTC potentially retests the $61k mark. This offers a favorable risk-reward opportunity.
Trade Setup:
Entry: Long trade around $0.40 at the support zone.
Take Profit:
First target: $0.61
Second target: $0.84
Stop Loss: Daily close below $0.33.
📊 This trade looks to capitalize on a bounce from support, with well-defined risk management through a stop loss at the key level. #AIOZ #CryptoTrading #Support
AIOZ great R/R #AIOZ/USDT
$AIOZ is about to break from a long-term triangle,
🐮 breaking out from long-term descending resistance, will increase price toward resistance zone around $0.06 and even resistance of $0.075.
and breaking out from $0.08 can move up price toward upper trend lines.
🐻 break down from support zone around $0.045 will invalid this scenario.
AIOZ.Usdt (Y22.P1.E1).Looking for a reversal Hi All,
Based on a few assumptions, with WAVE 5 completed and now a accumulation structure to take place for a reversal.
This chart is the most bullish I can think of with the ABCDE count.
Point E can be arguable as we can have a double bottom as well.
#AIOZ
Another trade option has been missed but could give another short setup using the RSI trend line support, and potentially a broadening wedge breakdown. Eg. below
All the best,
S.SAri