Review of the Aunit coin
The crisis in the cryptocurrency market is still on. Bitcoin has reached a new local Low; Ethereum and many other well-known coins followed the main coin. Aunit has not become an exception. As we can see, general pessimism is putting pressure on the whole crypto market. Sometimes there are upward rollbacks, but this is the exception rather than the rule. In the meantime, the Aunite Group corporation, the emitting party of the coin, continues to develop, open new horizons and expand its presence. Starting Feb 18, the investment congress is to be held in Germany. This event is dedicated to investment objects ranging from antiques to crypto.
The Congress has a positive effect for the coin. It means that the Aunite Group continues to expand across the Europe and promises support of new investors.
Well, the freshest and most pleasant news for everyone who works with the company is that the Aunite Group was recognized best cashback service in Russia. Interesting facts: the number of its partners is nearing 13 thousand.
Aunite Group is still one of the few companies that operate in the real sector and have their own cryptocurrency.
Technical analysis of the Aunit /USD pair
Meanwhile, the Aunite coin is limited to the narrow corridor 0.0140–0.0160. An important level is the resistance 0.0160. According to this level, a double bottom can be shaped. If movement to the resistance of 0.0165 is delayed, then the double bottom will be shaped less, but if the price breaks through the resistance, it will work. The opposite is possible as well: no double bottom will be shaped on the daily chart. In this case, breakthrough of resistance 0.0160 would not trigger a downward rollback. Whichever option works, we shall buy on breakthrough of 0.0160 with the first goal being based at resistance 0,0180. Since the coin is oversold, this is not the last goal, whereas the chart shows only the closest targets.
A little more about the double bottom. To make the double bottom shape on the daily chart, a small candle in the support area of 0.0104 shall emerge. Therefore, it makes a sense to buy on any breakthrough, regardless of whether there is a double bottom under resistance or just a channel due to breakout of support of 0.0106.
If you want to invest in a coin in the long run, buy here and now, as I wrote above, the coin is heavily oversold.
Technical analysis of the Aunit/BTC currency pair
The Aunit coin is also in the flat here. The range for operations is 0.00000550–0.00000750. At the moment, the rate has left the range, which means that soon a technically good entry will be provided. We should be buying on return of the coin to the old channel or breakthrough of resistance 0.00000550. As for the goal, it is obviously based on the resistance of the channel 0.00000750.
We have the following reasoning for buying this pair. Bitcoin is very expensive and there is room for it to fall, whereas the Aunit coin is heavily oversold.
As for trading volumes, they grow are slowly but at a steady pace. Of course, Aunit cannot yet compete with Bitcoin, but in this case it doesn’t matter, in such situations, traders will turn into oversold coins, one of which is represented by Aunit.
I wish all of you successful trading, goodbye.
