Taking a look at BTC and ETH, crypto looks ready for a major run. Aero has fallen back to its demand zone at the .618 Fibonacci level, broken its downtrend trend line, is currently retesting and looking for a break out. (Run on sentences don’t matter here;) )
On the news front, fed still on track to lower rates which is bullish. Geopolitical tensions have eased...
Aero has confirmed the accumulation zone and now moving back up into the (orange) resistance area. Looking for a reaction / pullback and setup to move higher.
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Took off out of area of interest and headed up to the next area of interest for me.
Going to be watching HOW, the price action reacts around this level.
If the level breaks I need to see it hold above.
Arrows indicate the price action I want to see.
Breaking the 90 cent area could even put 30 cents back in play. These fear areas are where you are suppose to be buying though. Try to average your cost if you can.
Will follow crypto market. As long as there is no Btc crash, aero around 90 cents has been the buy target. It has retraced to its .618 Fibonacci level and overextended into oversold territory on rsi and pulled further away from its moving averages. IMO a nice bounce is expected in this area
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Aero looks like it is in the midst of an impulse down.
Though it is in the algo entry area, would like to see the LHs taken at some degree for the potential of a trend change.
These levels are pretty obvious, so a break or reaction off of them would be a nice piece of confluence.
Broke through previous resistance and fib level. RSI and Stoch RSI on 4hr are pointing straight up and running hot. Target should be around height of triangle (about $3.20) but with as hot as this is, may run higher.
AERO has hit the 4.618 Fib zone and is expressing declining momentum against a double top. I'm looking for a possible trade entry with AERO under the following conditions.
1) a decline in AERO back to the momentum (yellow) line. Establish a position with a tight stop loss.
2) If AERO continues lower, look for another entry at the 0.618 retracement zone (0.89195)
After a 40% move up today, aero is hitting its weekly resistance around the 2$ mark.
Ethereum is near its important 3445 level and BTC is struggling to break higher.
Nice close above the 50ema. Solid base and support making it look like we have some more positive price action in the near future. Solid project on BASE. Lots of upward potential for this DEX. I got in at .33 and am still holding. This is an easy buy, even at these levels.
What is the possibility of making a run up to/past 2.50 ?
We need volume. Hopefully, rates get cut some and cashflow increases.
MACD looks to have a cross soon. That lines up with the wedge and a hopeful rise
Happy trading
SPARKS:AERO is currently forming a bullish flag pattern on 2-3hr TF, when it bounces it's absolutely going to go. The 1st target is $2 and the next target is $3.9-$4.
good luck!
Looking at the HUGE flag that was present this entire run. We should rise by the height of the flag.
Using this, and considering how much we are pumping today? We should get to $1.50 by Wednesday/Thursday.
Thats nearly 30-50% profit
