Review of the Aunite coin
Dear readers,
We’ve got negative news about Bitcoin — the flagship coin in the world of cryptocurrency. It closed the correction, which was not in favor of bulls. This correction had been lasting for quite a long time and ended up by fall. Here we can highlight an advantage of Aunit. Unlike Bitcoin, it is not an expensive coin, which almost has no point to fall. Perhaps this BTC downtrend is temporary, and we will soon see a strong upward trend, but this is beyond our review.
The topic of our review is the Aunit, which has everything ahead and given the constant development of the emitter company, it will be more interesting to trade with this coin on the every day basis.
Aunite Group continues its dynamic growth, for instance, it has recently reached an agreement with Wullet, the spot where one can exchange with bonuses and points. As we know, the Aunite Group is about paying cashback, and also deals with bonuses and points. This is an important agreement because it demonstrates that the company is developing, and perhaps some of these news will boost the market. The only question is the age and popularity of the coin.
Aunit/USD review
The last week had been quite interesting for this pair. A week ago, I had some doubts in the buying potential of the coin — now there my doubts are minor. We cannot say that everyone is trying to buy and hold the coin, but there are such traders and they do things for successful records of this coin. It also worths noting that growing sales indicates presence of pipsing traders, which is generally a good sign. Pipsers are good because they don’t care which direction the market is going to, they make volumes, but they do not put pressure on the coin.
The technical picture is quite interesting. There is support around 0.0400, and there are high volumes around this support. There is practically no place for the price to go down. Our option is therefore to buy and wait when the price starts moving around 0.0800–0.0850. Not so long ago, a quote of 0.0400 was a good target to close positions opened around 0.0300 or below. The second goal, where the currency pair can go — is the resistance 0.1200, there is a High, at which the price could not hold position for long, however, there is a goal.
Aunit/BTC review
As usual for this pair, volumes are smaller and the process is more calm. However, the situation is quite similar to the previous cryptocurrency pair. Currently, there is support around 0.00000560, where the pair is being traded at the moment and support is around 0.00000400. If you choose to trade with this pair, then it makes sense to buy coins from these levels. The closest targets are 0.00001000 and 0.00001300. If there is a rollback and purchase around 0.00000400, you can partially exit at 0.00000560.
The chart is showing one of the probable scenarios for the coin. The lower Bitcoin gets against the US dollar, the faster this option will work out. Ttraders will start looking for a coin to choose in order to leave Bitcoin and other cryptos that have fallen or are about to go down.
Conclusion
You can buy Aunit from the market or at the support levels indicated in the review. The price targets are also shown on the chart and can be used to partially exit the market. There is no point to exit in full, as the question of growth is a matter of time. The coin is interesting to traders due to the fact that there a reliable company is behind it. It can be an option if the bear trend for Bitcoin and other well-known coins continues. In this case, we’ll see a very notable growth of the coin due to its low price.
