AION-AION/BTC-SETUP
The Aion multi-tier blockchain network is like a computer network, providing a protocol and standard for dissimilar systems to communicate. There is an upcoming MainNet launch of this project by the end of May'2019 and could be one of the cryptocurrencies with upside potential.
It might affect AION price analysis so let's analyze daily Timeframe chart of the pair to know levels to buy for upside potential.
AION/BTC pair hit a new low against satoshi price level on 24th February'2019 but moved 50+% recently. But, it has the more upside potential with the upcoming catalyst (MainNet).
Interested buyers can look for price around 0.0000340-0.0000350 Satoshi(first green bar) and around 0.0000312-0.0000321 satoshi(second green bar) using laddering technique.
Also, if the second support level around 0.0000312-0.0000321 satoshi(second green bar) is broken down then buyers should the asset with precautions as it would be early signs of bearish (sell signal)momentum.
Sellers can look for two potential resistance zone 0.0000413-0.0000425 satoshi and 0.0000476-0.0000488 satoshi to book profits with long-term target around 0.0000576-0.0000591 satoshi.
Also, it has been trading above the 200D-SMAs and testing the Ichimoku cloud, which is slightly bullish but STOCH-RSI indicator showing minor correction downside ahead.
Caution: If the last line of support 0.0000262-0.0000271 satoshi level is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.
It might affect AION price analysis so let's analyze daily Timeframe chart of the pair to know levels to buy for upside potential.
AION/BTC pair hit a new low against satoshi price level on 24th February'2019 but moved 50+% recently. But, it has the more upside potential with the upcoming catalyst (MainNet).
Interested buyers can look for price around 0.0000340-0.0000350 Satoshi(first green bar) and around 0.0000312-0.0000321 satoshi(second green bar) using laddering technique.
Also, if the second support level around 0.0000312-0.0000321 satoshi(second green bar) is broken down then buyers should the asset with precautions as it would be early signs of bearish (sell signal)momentum.
Sellers can look for two potential resistance zone 0.0000413-0.0000425 satoshi and 0.0000476-0.0000488 satoshi to book profits with long-term target around 0.0000576-0.0000591 satoshi.
Also, it has been trading above the 200D-SMAs and testing the Ichimoku cloud, which is slightly bullish but STOCH-RSI indicator showing minor correction downside ahead.
Caution: If the last line of support 0.0000262-0.0000271 satoshi level is broken down then one should not hold the coin as it would be strongly bearish(sell signal) for the asset.
Penafian
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