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
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
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While we’re waiting (hopefully not an “ae”ternity) for AE to make its move, I’d like to hear from you. After you subscribe, head over to the comments section and tell me your forecast about Aeternity. Do you think it has what it takes to replace Ethereum? At what price point would you buy AE, and will you consider holding it long-term? I can’t wait to hear from you, and I’ll see you with more updates next time.
Disclaimer: Now I’d like to hear from you. What are your thoughts on Nano, which currently ranks 36 in terms of market cap? Do you think it can ever make it to top 10? Let me know in the comments, and subscribe to get more updates. Remember that as the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.