The Breakout We've Waited For
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Right now, we're in a market where Bitcoin is moving sideways and not much is happening. This is a great time to make smaller investments to make some quick gains. The Aion project sounds interesting but to be honest, I've been more interested in the technical analysis for this coin. We recently had a breakout from a downward pointing wedge and some of you might think that we're too late? I think not. My prediction is that we could gain at least 50% from where we are now. However, like in most analyses I do, there's a secondary scenario which is bullish as well, but would need a little more patience.
Scenario 1
We've broken out of a bullish wedge and started a first impulse wave. Probably gonna see a short correction before shooting up again and that's why I set buy levels from 0.000550 BTC all the way down to 0.000365 BTC.
Scenario 2
This secondary scenario is bullish as well, it will just need you to be a little more patient. There's a case where the ABC correction isn't over and that's why we set wide buy orders to insure ourselves in case that happens. The breakout will eventually happen and the potential profit remains the same.
Conclusion?
- Set wide buy orders both under and above current price, preferably at support levels.
- Don't go all in on one coin.
- Have patience if we get to Scenario 2.
Investment summary:
⭐⭐⭐⭐ 3 out of 5 stars on this investment
🚀 Short Term Target at 0.000788 BTC
💲 Potential profit 50%!
I hope you guys like the content I'm putting out. I want to evolve and would like to know if there's anything I can do better to serve you. Any suggestions on coins or more fundamental analyses? I wanna hear your thoughts steemians!
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Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.