Review of the Aunit coin
I’ll start with a brief overview of fundamental factors that can support the Aunit coin. For a short time, it will be supported by holiday discounts and increased cashback paid to celebrate the International Women’s Day. A list of online stores with increased cashback can be found on the company’s website.
The second news is about the conference being held in Kirchheim, Germany. Mind that a month ago the company took part in a successful conference in Düsseldorf. This means that cooperation with Europe is going well, which will for sure support the coin in the medium run.
Technical analysis of the Aunit/USD pair
From a technical point of view, there are two interesting scenarios. I do not consider the option of abrupt growth, which can basically take place on any news.
The option one, the most positive scenario. At the moment, the cryptocurrency pair is being traded within a narrow corridor between 0.0180–0.0190. A very narrow range to stay in it considering that the issuing company has a very rich news background. Given that the pair is heavily oversold, there is no sense in considering its deeper downward movement. Even if it falls, traders will use it for more profitable purchases.
So, I am prone for the first option, which implies trading for some time within the current corridor, followed a breakthrough of resistance 0.0109. So, the first point to hit would be 0.0215. Of course, this is not the final goal, everything depends on the volumes. If they are high and there is no specific figure, the pair would rise to 0.0270.
The second option is slightly worse but is also positive. The difference between them is how fast the price would reach 0.0215 and 0.0270. The second option is marked by me to the point when the price returns to the current resistance 0.0190. After that, it will work as per the first option again.
So, according to the second option, the rate may fall down for a while, trade within the current channel. Then it will bounce off the trend support, return to the old channel and to resistance 0.0109.
The second option is now the most probable one. There is a simple explanation for this; the more space we have between the flat channel and trend support, the more likely the price would fall. The more time the breakthrough will take to come, the less attractive it becomes. Thus, if you are waiting for a breakthrough in order to enter the market, just keep a “spare” Buy order close to the trend support.
Technical Analysis of the Aunit /BTC pair
Aunit continues is still based within the two corridors when it comes to the pair against Bitcoin. The first is between the levels 0.00000226–0.00000500. Within this channel, the rate has been around the resistance for most of the time, falling down for a while. The second channel is evener. When the price breaks resistance 0.000005, it gets every chance to hit the resistance of the channel, which is around 0.00000750. The following rule applies: the worse Bitcoin feels, the better this pair. So, we can buy a breakthrough of 0.000005 and keep a Buy order “just in case” in the middle of the bottom range.
Technical analysis of the Aunit/Ethereum pair
Low activity on this cryptocurrency pair does not allow the rate to shape interesting figures, but something can be figured out. Firstly, my previous reviews were justified: the trend resistance is no longer relevant for this pair. Therefore, the price would move to the flat range, which resistance has to be determined. However, you can try to enter in the current situation. The main thing here is to get out of the risk zone as soon as possible. You can do pipsing from support 140, but pipsing in such conditions will be very slow.
I wish everyone successful trading, goodbye.
