Aeternity: Will We Have To Wait An “AE”Ternity?

AE/BTC Technical Analysis

Despite all this, Aeternity’s token, AE, spent the last whole month hanging around its all-time low level. However, as Ethereum struggled to make any gains in the past couple of days, the trading crowd appear to have flocked to this wanna-be Ethereum token. This helped its price jump 23% in 24 hours.

Looking at the AE/BTC daily chart, the pair has even tested the upper band of the daily Ichimoku Cloud, an indicator we use to get a

of the price action.

Aeternity- AE/BTC Ichimoku Analysis Technicals

Aeternity- AE/BTC Ichimoku Analysis

With this, if AE is able to break above the cloud, it might generate enough bullish momentum to reach the next resistance level at 23% Fibonacci level which traces the downtrend that started back in June 2018.

While we’re waiting (hopefully not an “ae”ternity) for AE to make its move, I’d like to hear from you. After you  more

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