AION Technical Analysis Shows Lower Lows Likely
SUMMARY
AION has been going sidways in price action since early February. From its genesis, it started as a corrective mode as shown in the below chart. Correction bottoms are never an event but a process, one that starts from the beginning to the end. The initial genesis down is labeled as a W, the subsequent three wave as X, the next as Y and the recent spike fits well as an X. Therefore, one more, probably drawn out in time, lower low for blue Z is expected. The triple WXYXZ allows for the extension of time and further sideways price meanerings.
The subwaves have been filled in and the whole correction is probably more than 2/3 complete. This means that IF blue Z is still to be started, then another round of abc (white) with five subwaves for the c of Z is expected. The Z target could be at or around $1.63. It's important to consider the correction as a whole and not in parts. This allows one to gain better ladder cast entry points.
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Could you have a look at DeepOnion? It has been holding up well during BTC drop. Now is AirDrop day so it could temporarily drop slightly but I think it will recover.
hope u are right! So that everyone can earn lots money!
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