„Unfortunately for the buyers, it was not so smooth. Yes, today, the price broke the neckline but as for now, this is a false breakout (pink). If the price will not be able to close a day above that level, the strong sell signal will be triggered. The price closing a day below the neckline will be a clear sign to sell, with the potential target on the 2,55, so the lows from the 11th of May.”
Aion did not manage to climb higher, which was a trigger to go short. As expected, obviously. And that was a pretty good sell signal as the price fell from 3.1 USD to almost 0.7 USD.