Two Altcoins That Have Reclaimed Long-Term Support Levels

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In Brief
  • AION has completed a long-term double bottom pattern, combined with bullish divergence on the weekly RSI.

  • AION has broken out from a descending trend line and is moving towards resistance at 1550 & 1700 satoshis.

  • GNT has reclaimed the 460 satoshi support level.

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Both Aion (AION) and Golem (GNT) have reclaimed long-term support, and have consequently created bullish setups. Aion (AION) In the period from July - December 2019, the AION price was trading at an all-time low near 700 satoshis. However, the price created a double bottom alongside bullish divergence on the weekly RSI. This preceded a rapid recovery that eventually took the price to a high

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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