Short
AION Losing To The USD
AION has formed a double topp near $4 area and wend down breaking above the 200 Moving Average. Although currently it is facing the support, that is the level where previously 4/1 Gann Fan trendline has been rejected.
In order for the correction down to continue, close below $3.2 is required. In this case AION/USD should decline further, down to 88.6% Fibonacci retracement level, that is $2 area.
On the upside, if the $3.2 support will be rejected, followed by the $4.2 resistance breakout, the uptrend is likely to continue.
In order for the correction down to continue, close below $3.2 is required. In this case AION/USD should decline further, down to 88.6% Fibonacci retracement level, that is $2 area.
On the upside, if the $3.2 support will be rejected, followed by the $4.2 resistance breakout, the uptrend is likely to continue.
Note
Support holdingTrade closed: target reached
support at $.4 reached and rejected
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.