Aeternity Trying To Recover | Next (57%) Target Mapped

17 Mar 2020

Aeternity (AEBTC) just had a strong bounce and is trying to recover.

Even though prices moved below our 'MAIN SUPPORT' and a new low was hit, the week closed above the 8-Jan low (0.00001616) which maintains the bullish chart structure.

Back to the chart above, looking at the candle printed on the 13 March, this looks like a bullish hammer. This is a reversal candle because of the long-wick down and the bullish/green close. This same candle is supported by high volume.

There is also divergence going on with the indicators.

With all these signals in-play, we lean towards AEBTC going up (green arrows) in the next few days.

Thanks a lot for reading.

Namaste.