Aeternity (Pre-Launch) IOU seems to be about to turn to the upside after a healthy retrace.

Hey Steemers, this is the first ICO I participated in and am quite glad I did, although I am not trading the IOU on HitBTC because I don't trust that type of thing I am glad it allows for some speculative price exploration, before the official launch on major exchanges.

Here is the 6hr chart:

So the way I see this chart, the price is in the oversold are and just crossed on this 6hr stoch rsi. As you can see we have some heavy wicks from bulls buying the deep dips to the initial breakout. I know its a messy chart, but thats what you can expect on iou's and little liquidity.

Here is the 12hr chart:

As per the 12 hour stoch rsi, it is still falling, which indicates we will probably try and cover the horrible gap from 62k sats to 70k sats before attempting any major price movement.

Please trade safely and use stop losses if it will help you sleep well or you aren't sure about the strength of the bulls.

Peace, Love and Light.
Mark

I use Coinigy for my TA (Referral Program): https://www.coinigy.com/?r=254851e7