Review of the Aunit coin
Hello dear Medium readers,
The week was not so eventful and thus could not impact on the coin’s rate. What can be mentioned is the scheduled 3-days’ forum in Novosibirsk, Russia, which will be held in mid-March. The second positive news is the business trip of the Aunit Group’s CEO to San Diego. Also, do not forget about the most important event that took place last week: the coin was listed by the CoinMarketCap, which is very good for the performance of the coin in the long run.
Technical analysis of the Aunit/USD currency pair
The most important event for this cryptocurrency pair is, of course, the flag near the resistance 0.0188. The potential of the flag is not great, but it is quite enough to break through psychological resistance with an upper border of 0.0210. If this flag keeps on shaping and the breakthrough takea place, then the next goal is quite interesting: it is around the next resistance 0.0280. This scenario will add the rate 40% from the current position.
Thus, the coin has smoothly approached to growth with the first scenario being already indicated. When it happens, correction will be broken, the flag pattern will work. At the same time, the price will enter the range 0.0210–0.0280 and surge to the resistance of the channel.
The second option will be a little more difficult. The flag will work out for approximately one hundred per cent. It will be either followed by a new correction or a rollback to the support of 0.0210 or lower. In the latter case, the lower the rollback, the more likely a double bottom figure together with a false breakthrough of the new support 0.0210 will be shaped. From this springboard, the price would reach the already mentioned resistance 0.0280.
There are, of course, other options leaving a room for spontaneous action. All of these options imply a rebound from the resistance 210, or a certain correction. If the price finishes this correction, it would mean it moves upwards to the resistance 0.0280 along the uptrend.
Considering the coin is being oversold, you can buy it anywhere from the market, or wait for a breakthrough of the flag. Of course, there is a certain risk to stay outside the market if the price decides to quickly move towards the target 0.0280.
Technical Analysis of the Aunit/BTC pair
Meanwhile, this pair does not show new options. The pair is being traded below 0.000005. One strategy is to buy from the market and you can put the order off somewhere around 0.00000300, although I think this chance has already been omitted. If you decide to enter, the next target is 0.0000075. If you are planning to enter there in full or in part, it makes sense to prepare in advance and put a pending order based on your plan should it imply a full or partial exit.
Technical analysis of the Aunit /ETH pair
As usual, the pair owes the lowest activity to this particular tool. It is gradually going beyond the trend resistance. As I mentioned a little earlier — this is not a triangle and the exit from the correction will take place within the borders of a certain channel or range. That’s what is happening in fact. For now, we can expect the trend around 0.000250. Perhaps the goal will be above or below this mark, which does not matter: it is important to find this goal and build a new range.
That’s all by now.
I wish everyone successful trading, goodbye.
