Aeron (ARNETH) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Aeron began a wave one advance in December 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January this year, and the red wave two (blue sub-waves a-b-c) correction ended on August 15. If this wave count is correct, Aeron should be heading next towards the January peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Aeron’s ambition is to make flying safer with the latest blockchain technology. Kung Fu Nerd reviewed the token back in May this year.
(Sources: https://aeron.aero/ and YouTube)
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Aeron will takeout the April 2018 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Aeron will drop below the December 2017 low".
If you think Aeron is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Aeron will stay in a trading range between the December 2017 low and the April 2018 peak until October 4".
(Chart courtesy of Tradingview.com (log scale))
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