AION has been downtrending for the last couple of hours.
On the 2H chart we see that it is NOT making a lower low.
The RSI is showing a HIGHER low.
This is what we call a bullish divergence.
It suggests momentum is turning to the bulls and the price is going up.
MACD has been on the negative side for quite some time and recently crossed on a low point.
Now it is slowly going upwards.
I'm taking a long position
Stop loss 3175 sats.
Open target
On the 2H chart we see that it is NOT making a lower low.
The RSI is showing a HIGHER low.
This is what we call a bullish divergence.
It suggests momentum is turning to the bulls and the price is going up.
MACD has been on the negative side for quite some time and recently crossed on a low point.
Now it is slowly going upwards.
I'm taking a long position
Stop loss 3175 sats.
Open target