AEON reversing long-term trend?
As you can see the first green Renko candles look to be formed on the weekly chart, confirmed once June 2nd price action closes - AEON-USD needs to maintain above $0.82-$0.83 until June 3rd.
Only once in AEON's history has the green Renko reversal failed as a bullish signal - in Feb 2018
As you can see, from November 2017 to January 2018, a strong upward trend is observed which followed a Renko reversal.
Volume has exploded in recent days... normally volume on Bittrex was around 1-2 BTC or less. In recent days, volume has increased significantly to ~$400,000 on Bittrex indicating increased trading interest (remember, volume precedes price).
Only once in AEON's history has the green Renko reversal failed as a bullish signal - in Feb 2018
As you can see, from November 2017 to January 2018, a strong upward trend is observed which followed a Renko reversal.
Volume has exploded in recent days... normally volume on Bittrex was around 1-2 BTC or less. In recent days, volume has increased significantly to ~$400,000 on Bittrex indicating increased trading interest (remember, volume precedes price).
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