AION/BTC TRADE SET-UP WITH WELL DEFINE STOP PRICE!!

in #aion5 years ago (edited)

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AION/BTC is in a super interesting chart pattern, with well defined parameters!! We have a series of higher lows followed by a triangle breakout. After the triangle breakout you can see the back test of the triangle break which acted like beautiful support. Then price again surged off the triangle. Now price has formed what looks to be a bull flag and is calling the bulls in!! Today's price action has seen a nice 2x daily up green bar. Now this could be a bull trap and price is going to do ABC and we are trading B wave...... but the green line will tellall. Once price approaches the green trigger line it will surge or be rejected. If price surges it will quickly target the 2 red boxes above!!! The lower yellow line is stop loss price representing about a 13% loss. (which in crypto is nothing) Price surged 89% as it was forming the beginning of the triangle, and has now consoladated that initial move (WAVES 1,2)..... if this is correct then wave 3 in next and usually wave 3s are violent!! Also want to note the upward sloping yellow 50 day moving average.

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