Review of the Aunit token as of March 9: a gift for traders from a low volatile market

Hi! In terms of market events and news last week demonstrated low activity. Probably it was due to the international women’s day. By the way, let me congratulate women with this holiday. The Aunite Group company did not leave ladies without a gift: the promotion campaigns for purchases have been in place during the whole week: in particular, extra cashback and discounts. An active trader received a gift due to low activity, which is most often accompanied by drops of an asset. However, I’ll speak about this later. Let me turn to to the technical analysis.

Aunit vs USD analysis

As I said, low activity causes drawdowns, Aunit was no exception. Last week passed under the sign of a bearish mood and has even pressed rates to the support area, where it was at the end of 2019. If the story repeats, then the rates will not be there for long, so it makes sense to think about buying the token at a very interesting price.

What you should pay attention to is the potential double bottom. The location of the double bottom resembles a false breakdown and, therefore, there is a chance that its resistance would be broken and the price would head for ​​0.0230 — 0.0250. Under this scenario, the trend resistance will be broken, which prevented growth of the token to the same target 0.0250.
A rebound from the support 0.0200 with the previous false breakdown can lead to the token’s growth, so it makes sense to say about the goals 0.0240, 0.0330 and 0.0500.
In general, no matter where a rebound occurs, it will happen and we should not miss this opportunity for earnings.

Aunit vs BTC analysis

A slightly different situation is here for the cryptocurrency pair the Aunit token against bitcoin. Perhaps this was caused by the cheapening of Bitcoin itself, but the rate did not fall below the last support. The cryptocurrency pair is trading in the support area ​​0.00000200. If you work with this tool, you can put a pending buy order just for the case there will be a false breakout of support. On the other hand, the price may not go down below 0.00000200, so the entry tactic remains the same: buy from the market when we the price is in the support area and go lower with part of a trading position in case of a quick false breakthrough.

As for the goals on this pair, they can be determined in the near future by the two marks: 0.00000300 and 0.00000550.

Good luck to everyone, bye!