Fundamentals:
Aergo is a Korean based Crypto helping businesses using their data to take part in the blockchain industry. With apps using banking and stock services.
It also handles NFT based transactions.
Technical Analysis:
As you can see there is a huge inverted H+S in play (grey arches) and a Cup'n Handle (blue arches).
Moreover i used Fibonaccis from last Price Action to identify locations of interest and
showing 2 straight white lines on the Logarithmic MACD giving us a perfect convergence.
IMO if the Cup'n Handle plays out we will have a local top in the regression channel around the 1.236 at 1015 satoshis,
correct down and finally arrive up onto the 1.618 Fibonacci at around 1527-1864 satoshis.
This is the medium term.
Longterm i can see the inv H+S playing out after a retest in the 600 Satoshis region, bringing us up to 2.618 around 4445 satoshis.
Keep in mind that this goal is very hypothetical!
Sumup:
1st Target Fib 1.236 - 1015 Sats
2nd Target Fib 1.618 - 1527 Sats
(3rd Target Fib 2.618 - 4445 Sats)
Thank you for reading. Give me a thumbs up if you like it and follow me for more updates on Crypto and Stocks.
Feel free to comment and start a discussion.
Disclaimer: The offered chart and it's assumptions are my own opinion and not a trading advice.
As referencee i but up my old $AQMS Aqua Metals Chart where you can see a similar price action. Assuming crypto is much faster with that price action i reckon $AQMS could mimic AERGO/BTC in the future. Giving another opportunity to act in the stock market. ;)
Aergo is a Korean based Crypto helping businesses using their data to take part in the blockchain industry. With apps using banking and stock services.
It also handles NFT based transactions.
Technical Analysis:
As you can see there is a huge inverted H+S in play (grey arches) and a Cup'n Handle (blue arches).
Moreover i used Fibonaccis from last Price Action to identify locations of interest and
showing 2 straight white lines on the Logarithmic MACD giving us a perfect convergence.
IMO if the Cup'n Handle plays out we will have a local top in the regression channel around the 1.236 at 1015 satoshis,
correct down and finally arrive up onto the 1.618 Fibonacci at around 1527-1864 satoshis.
This is the medium term.
Longterm i can see the inv H+S playing out after a retest in the 600 Satoshis region, bringing us up to 2.618 around 4445 satoshis.
Keep in mind that this goal is very hypothetical!
Sumup:
1st Target Fib 1.236 - 1015 Sats
2nd Target Fib 1.618 - 1527 Sats
(3rd Target Fib 2.618 - 4445 Sats)
Thank you for reading. Give me a thumbs up if you like it and follow me for more updates on Crypto and Stocks.
Feel free to comment and start a discussion.
Disclaimer: The offered chart and it's assumptions are my own opinion and not a trading advice.
As referencee i but up my old $AQMS Aqua Metals Chart where you can see a similar price action. Assuming crypto is much faster with that price action i reckon $AQMS could mimic AERGO/BTC in the future. Giving another opportunity to act in the stock market. ;)
Comentário:
new trading idea:
looking forward to go up slowly now