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).
Buy-in range: 0.000220 - 0.000267
Aeternity going up | Ecency
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