A thorough analysis shows that AION has not found its bottom yet. We see a replication of rising wedge pattern. Indicators are bearish: MACD Level (12, 26), SMA & EMA (5, 10, 20, 30, 50, 100) and VWMA (20) are negative right now.
We see a high volatility according to DMI (14,14) and Overbought state according to Stoch RSI (3, 3, 14,14)
These facts tells us that the coin started its further downtrend after BTC has dropped. It means we should wait more before we can enter this position or open a short deal. In a short - middle term there should be a further decrease, be careful
We see a high volatility according to DMI (14,14) and Overbought state according to Stoch RSI (3, 3, 14,14)
These facts tells us that the coin started its further downtrend after BTC has dropped. It means we should wait more before we can enter this position or open a short deal. In a short - middle term there should be a further decrease, be careful
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