Strong resistance and supports (3 touches on the trendline). Due to this I think we will retest the support @ around 6000-7000 once more. After that, it is possible that we either break the resistance (likely) or fall through the support (which is long standing so unlikely IMO)
If we look at the failed pennant (in blue), perhaps we notice that the support was too weak to sustain another bull run. However, when AION is hitting it's long term support (yellow), I think it should be enough for a reversal.
Please give me feedback!
If you look at the general trend lines of TRX (the green ones, the lighter one being the most likely), you will see them intersecting with long term support (yellow line). I think we will see some short term bears when TRX follows the trend, a reversal when it bounces off the support.
Please give me feedback!
