Structure analysis rules that if $12 was the high $0.03 was the lows and we are in a bullish market, meaning we are making higher highs and higher lows, we will at the very least revisit the previous highs. As of current we have continuously made higher highs and higher lows and are very much in an established up trend. I know this is a "Dead coin" and that the team have stopped developing on it but with this technical set up I guarantee it will at the very minimum revisit its previous all time highs of $12. From the price it is at now, that is a 4100% gain or 41X. For me that's worth the risk plus I am a firm believer that fundamental analysis dose not mean jack diddly shit (Doge coin as an example) with that being said, I'm putting my money on this technical setup being catalyzed by some random Aion news being announced at some point during this Bull rally.
Disregarding this insane technical set up, have a look on coin marketcap and all the markets this coin is on... that means it is very easy for liquidity to be thrown at it. We are on the verge of alt coin season and what ever you chuck your money in will go up for me this is one of the best plays that hasn't flourished yet.
When people say its a scam and a dead coin that just screams buy as you "buy into fear" and at the end of the day speculators want to make money...
For me this looks very similar to the KCS set up I announced a while back.
This is just opinion and not financial advice, I am not responsible for any losses that may occur from trading. Invest at your own risk.
I've added some potential targets based off fib extensions on a log scale. I think this is going much higher than 12 off the back of the supply being reduced eight fold.
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We are at a big problem area of between .4-.5 cent however if we punch through with volume and conviction it could fly to $3.75. If we cannot break we are going back to the .23 cent region.
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Possible scenarios, we are not out the woods yet.
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Aion looks sleepy, its going to correct the question is where to?
We have a few targets...
Worse case scenario would be back at .23 cent.
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Rejected and pulled back to exactly where we thought. We need to make a higher high other wise we have further down side :/
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This monthly candle is concerning, we need to close bullish for me to be happy. 3 Days to go fingers crossed!
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Damn that monthly candle should have been the heads up! I expect further down side.... Overall still very bullish.
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Aion stuck atm, its really up to btc what it does. If btc tanks, it will bring the market down with it including BTC.
Patience is best atm.
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If we close like this.... we gonna do a doge lol
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ITS HAPPENING!!!!!
If this week closes like this expect a trajectory like this!