SUMMARY
AION/BTC has now a decisive breakout as shown below. The price had been bound within the symmetrical triangle and bottomed with a bullish wick where price pierced the bottom blue trend line but returned inside quickly. The breach of the upper blue line also occurred with close proximity to the apex, a favorable position.
The closeup shows that the breach was in an impulsive manner as shown by the white 1,2,4,5 labels. The correction is quite interesting as I've labeled it as an expanded flat abc type. Expanded flats often signal bigger and stronger upward lunges could be due. Let's see how the price action takes the rest of weekend.
So, with the first set of impulse and abc; a motive, in place; what's next? I'd like to see a second complete set of impulse as shown by the blue waves. Often, this second results in a higher high and this is the signal I'm looking out for. So far, looking good!
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