Aeternity (AE) is going up! With Bitcoin crashing hard today, most of the cryptocurrency market followed the same trend, but this coin stood strong, and started to go up, broke several resistance levels, and is forming a new uptrend.
Aeternity (AE) on Binance - Trade Analysis by Alan Masters
### CHARTS, SIGNALS & INDICATORS
Aeternity (AE) 4 Hours chart signals & indicators:
- The first thing to look at in the chart above is the huge breakout on candle #4 (the fourth candle counting right to left). In this four hours period the price went up all the way to 0.0002486, breaking several resistance level and now resting nicely above the 200 EMA line, which has been a very strong resistance for the past few days.
- You can also see that after a bottom was reached on the 18th March, all of the indicators are now trending up and giving bullish signals.
- SMA20 and SMA50, which are the green and blue lines, crossed the SMA200 line (brown), which is a bullish signal.
- There is room left for more... So let's look at the daily chart for that more...
Aeternity (AE) 1 Day (daily) and weekly charts signals & indicators:
- The daily chart is pretty simple. We had a strong close yesterday and today is looking pretty good so far. We are trading nicely for the first time in a month above the SMA20 line. We are also now sitting nicely above the SMA50 line. These lines can work as strong support, and trading above it can be taken as a bullish signal after yesterday's breakout.
- The indicators, MACD, RSI, DMI and OBV are all trending bullish with plenty of room left for growth.
- As for the weekly chart, AE is setting its self up for a strong close this week, which can lead to another positive week ahead (this will only be confirmed after trading click closes).
### TRADE INSTRUCTIONS
Buy-in range: 0.000220 - 0.000267
Use this price range to buy into this trade.
Targets:
(1) 0.0002800
(2) 0.0003310
(3) 0.0003820
These are the price levels that you can use to sell your coins. Use these prices as reference point. You can sell any time you want any amount of your coins.
Stop loss: You can use a 5-20% stop loss, or no stop loss if you want to hold long term.
### MESSAGE: HOW TO FACE A CHALLENGE!
What to do when life is getting harder by the day?
Is there a way to solve all of your problems, in 1 day?
How To Face A Challenge?
When we think it can be bad, suddenly things start to go wrong.
When we focus on what we want, we see beauty, all around us.
As everything becomes harder, we get convinced that it is all true. We start to focus on the bad reality that we are facing, asking for more with every single truth.
As everything becomes harder, we become relaxed and start to learn. I study the situation, and look for something that can be learned. As the experience is gained and the lesson received, here comes another moment to be thankful for all that you have, that you do and don't need.
That's how you face a challenge every single day.
You stay strong no matter what happens. And learn from everything that life throws your way.
At the end of your journey, you will know that your life was great...
Namaste.