I wouldn't call it classical technical analysis, except for support and resistance zones, but it look so pretty that I'd like to share it. Valid only in case of BTC bounce.
Buy zone 7500-8000. Targets marked on the chart.
AEONBTC is waking up, it is doing really good numbers on Bittrex, but looking at the long term chart tells us that there is still plenty of room left for growth.
Let's do a quick analysis on this altcoin:
Aeon (AEONBTC) Long Term Analysis by Alan Masters (THANKS!)
AEONBTC price had to retrace all the way back to Nov '16 levels in order to find support.
I keep sticking my head out and it keeps getting chopped off. Will this time be any different? If the weekly candle closes with this bullish hammer it will be the first bullish candlestick setup of 2018, imo. Everything looks wedge-y and just maybe this can be a bottom. Perhaps a quick bounce to 0.0001800 if this is the bottom. Good luck out there.
$AEON was quite hyped among twitter community back then the earliest of this year.
AEON is a coin with specifications below:
PoW algorithm: CryptoNight-Lite
Max supply: ~18.4 million
Block reward: smoothly decreasing
Block time: 240 seconds
Difficulty: retargets at every block
Right now it has 15,831,459 on circulating supply, but not quite volatile and liquid,...
AEON seems to follow an uptrend breaking out massively and then consolidating back to the support line. @burnonfire31 mentioned that his indicator is showing this is a good buy and I agree as it looks like every time AEON touches the uptrend line it breaks out.
Last couple of days Aeo has been range bound inside the cloud, so next few days we can expect a nice trend.
AEON looking to break thru kumo
Support at 0.786fib level
Price has broken above 20DMA which is providing support now.
RSI bullish & MACD bullish Divergence
Stoch RSI above 50
AEONUSD to never drop below $1.33 or 19000 sat again.
$1.33 AEON & 19000 sat lowest case scenario implies Bitcoin $7000.00 minimum
$373 per Aeon potential high, and $9.50 per Aeon potential low by Jan 1st 2019,
AmericanPegasus/KatieCharm: Things are dark right now
So many negative posts. Darkness. Despair. Hopelessness.
We have hit a sour spot in psychology.
Pile in as deep as you can, however frightening the technique may appear.
The trench is too perfect. She will be named, Sophia
Listen to her guidance.
I entered this trade a few days ago when the price rebounded on dynamic support.
As I wrote in the title I am willing to keep this trade open for several months.
MINIMUM OBJECTIVE: 100%
Reddit Co-founder Alexis Ohanian has forecasted ETH/USD to reach a high of $15k usd by the end of this year. According to this chart we can expect some congestion through most of 2018 on our way to new highs. This may be a result of institutional money continuing to flow into the market continuing to push the entire market in the direction of widespread user...