Review of the Aunit token as of March 16: Aunit tokens hits a super price!
Hi. First, as usual, I will tell about the events around the company last week. The first thing to mention is the new online stores where you can buy goods with a cashback: new partner stores joined the company. The expansion of this list is impressive, both in regards to Post-soviet countries and Europe. It says about active development of the company.
In addition to cashback campaigns for customers, the company does not forget about its partners who are building their businesses together with Aunite Group Corporation. Partners websites were updated, which is one of the most important work tools for their performance. You can read more about this on the companys website.
Now, let us move to the situation on the cryptocurrency market in general and the Aunit token, in particular.
A small foreword for crypto skeptics who believe that there are no cryptocurrencies, or they are not a serious asset. Look at what is happening with cryptocurrencies: the fall in world stock indices has also led to the downfall on the cryptocurrency market.
Bitcoin hits the last years Lows
For quite a long time, the major coin has drafted the inverted head and shoulders figure to reach Highs around 14,000, but it did not work out. Global markets have interfered. After the stock markets plummeted, Bitcoin has also moved down. If we do not take into account the quick Low as of August 22 , 2019, then we can acknowledge the fact of the rollback to the price range of March 2019. It will be difficult to say whether this downfall will get deeper. From a technical point of view, the situation will develop around the correction of the current flag. If there is no reversal model that would give a small pullback just to break the flag, then we can expect a pullback to the next target at $ 1,500. A rather gloomy picture and investors do not have much choice for action. They can switch to the US dollar, or to another oversold asset. This is where the Aunit token can come into game. Given the difference in the cost and capitalization of Bitcoin and the Aunit token, even a small flow of capital from Bitcoin to Aunit will provide a good boost for the Aunit token. First, there will be an Aunit trend against Bitcoin, which will subsequently pull the Aunit against the US dollar pair. Of course, there are many resold tokens, however, the vast majority of resold tokens do not have a dynamically developing company standing behind.
Of course, this scenario may not work if players switch to the US dollar and then all tokens will get under pressure. However, oversold tokens have one advantage: they have nowhere to fall, unlike expensive assets like Bitcoin.
Aunit vs USD analysis
The situation on the Aunit token against the US dollar has interesting development. Firstly, the general drop of markets did not bypass the token. It dropped as well. If you are following my articles, you had a chance to buy the token at a profitable price, since you are always keeping a pending buy order just in case. Such situations are very seldom, so not everyone wants to keep reserve orders being put somewhere down, where the price is unlikely to go, but it can work out. Nevertheless, the price worked out and everyone could make profitable purchases.
At the moment, the price 0.0143 is still very attractive, especially since the token was so low against the US dollar back in February 2019. As for the quote 0.0040, the token against the US dollar has not yet been so low. Therefore, I am always keeping a small amount of money in case of unrealistically low drawdowns. I recommend this method to everyone.
As for the immediate goals, they are based on the old support 0.0200. Most likely, the situation of the last year will repeat itself. The rate will draw a double bottom or an inverted head and shoulders pattern under the level of 0.0200 and will leave these rates. The second option for the pair is to create a spike with as fast upward movement as a decline was. The latter case will be implemented by those traders and investors who do not want to switch to the US dollar, and will prefer the Aunit token to expensive assets. The remaining targets are indicated on the chart by horizontal lines, and we will talk about them when the situation with correction below the level of 0.0200 gets more certain.
Aunit vs BTC analysis.
Discussing a possible safe haven for those who hold and keep expensive Bitcoin, we could see the possibilities provided by this cryptocurrency instrument on March 11, 2020. The first fall of Bitcoin ended the day before this flight, the pair entered a flat trend, and the players began to look for where to escape from Bitcoin. Did some of them switch to Aunit? Which, in fact, is visible on the chart. Unlike the rate of the Aunit token against the US dollar, a flat trend continues to work here gaining traction to the instrument and a flight up. Volumes were not large enough to consolidate the rate above the level of 0.00000315, but nonetheless, movement to 0.00000400 took place. Of course, drops were in place as well which is typical for a panic market. At the moment, the cryptocurrency pair remains within the range 0.00000200 0.00000300. For now, we can work with the channel, buying the instrument at the support and selling in the resistance. The best strategy for sales is to do them partially, leaving volumes in the event the price leaves the range up. The immediate goal remains the same: 0.00000400. Since you could make a path, it will be easier to do so for the second time. Do not forget about the small pending orders under the channel in case of a fast exit.
Good luck to everyone, bye!