[AEON] Aeon Speculation

[Febo]

Aeon is still trading under the longterm trendlines which happens occasionally. But the upsetting part for me is, this time, it is below the lower trendline for a longer period of time than usual. Also, the volume has not changed substantially to be considered that interest is going up for the project.

Those lines need an update. You have different datas then you had months ago when you draw those lines. Now use all datas you have now and draw new lines.

Yes but I reckon we cannot be subjective about Aeon's trajectory by changing the forecast just because we want to see what we want to see.

I will stick to the original trendlines as a guide of where we should be, not change them to show where we are. But changing them lower as Sparkit did also lowered the forecast, don't you agree?

Also, this is the point where I am starting to fear for altcoins in general. If they cannot sustain their momentum and bitcoin sustains its momentum and pumps, we might see the whole altcoin market in the red.

It is not what we want to see. It is what it is. You draw lines months ago with datas you had until then. Now we have more data. Use all, not just the ones until  I dont know which date.

I dont know anything about chart analysis, but I do know that for any statistic analysis best is to use all datas you can get.

[1714769427]

1714769427

[estenity]

Aeon is still trading under the longterm trendlines which happens occasionally. But the upsetting part for me is, this time, it is below the lower trendline for a longer period of time than usual. Also, the volume has not changed substantially to be considered that interest is going up for the project.

Those lines need an update. You have different datas then you had months ago when you draw those lines. Now use all datas you have now and draw new lines.

Yes but I reckon we cannot be subjective about Aeon's trajectory by changing the forecast just because we want to see what we want to see.

I will stick to the original trendlines as a guide of where we should be, not change them to show where we are. But changing them lower as Sparkit did also lowered the forecast, don't you agree?

Also, this is the point where I am starting to fear for altcoins in general. If they cannot sustain their momentum and bitcoin sustains its momentum and pumps, we might see the whole altcoin market in the red.

It is not what we want to see. It is what it is. You draw lines months ago with datas you had until then. Now we have more data. Use all, not just the ones until  I dont know which date.

I dont know anything about chart analysis, but I do know that for any statistic analysis best is to use all datas you can get.

yes the tendancy has changed with a lesser but still ascendant slope.
better follow the new floor and see what happens, in particular after completing the rebase.
a lot of hope follows.
r/Aeon has 5,000 followers versus 128,000 for r/Monero
so overlapping between the two is not negligible.

[scalvo98]

Aeon is still trading under the longterm trendlines which happens occasionally. But the upsetting part for me is, this time, it is below the lower trendline for a longer period of time than usual. Also, the volume has not changed substantially to be considered that interest is going up for the project.

Those lines need an update. You have different datas then you had months ago when you draw those lines. Now use all datas you have now and draw new lines.

Yes but I reckon we cannot be subjective about Aeon's trajectory by changing the forecast just because we want to see what we want to see.

I will stick to the original trendlines as a guide of where we should be, not change them to show where we are. But changing them lower as Sparkit did also lowered the forecast, don't you agree?

Also, this is the point where I am starting to fear for altcoins in general. If they cannot sustain their momentum and bitcoin sustains its momentum and pumps, we might see the whole altcoin market in the red.

But, we all want to see some development, and i think that everything is slowly as fuck at this moment, i love AEON, i have more than a few thousands of dollars invested on it, and a good development progress from the dev team would be very good to see.

[bbc.reporter]

@scalvo98. Aeon is a longterm investment, not like most of the ICO tokens that everyone lately loves trading so much.

But you want quick profits, you can trade some of your Aeons to bitcoin, make some trades, then save your profits in Aeon.

@Febo. Do you know a trading tool that shows the mean of something in the chart? I reckon it would be a better indicator if Aeon is under or overperforming versus bitcoin.

[bbc.reporter]

We are falling behind in market movement. If I were to speculate, I reckon the dump that occured the other day was made by one of the ASIC miners, or sammy007, or maybe slb, stoffu and DrParadoxical's team who made a nice sum from the code rebase hehehe.

[estenity]

Aeon is still trading under the longterm trendlines which happens occasionally. But the upsetting part for me is, this time, it is below the lower trendline for a longer period of time than usual. Also, the volume has not changed substantially to be considered that interest is going up for the project.

Those lines need an update. You have different datas then you had months ago when you draw those lines. Now use all datas you have now and draw new lines.

By the way, yes. Would venture to draw that line if I may..  

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see also :
https://www.tradingview.com/chart/AEONUSD/4pYnAdoi-Aeon-s-Path-to-Greatness-Current-Price-1-86/

(reference taken on reddit/Aeon)

[Febo]

https://www.tradingview.com/chart/AEONUSD/4pYnAdoi-Aeon-s-Path-to-Greatness-Current-Price-1-86/

(reference taken on reddit/Aeon)

Yup that one looks good, but it is USD chart. It depends what BTC does. But that is how it is.   Seems under $1.5 buy over $8 sell.

[bbc.reporter]

@Febo. I read the comments in Tradingview that the person who did that chart also predicted that bitcoin will go to $10,000 when it was still on $600. Is that true?

In any case, bitcoin already was listed in many different exchanges located in different regions of the world. Aeon is listed in 3 exchanges and it is traded in very low volume. We would be very lucky if Aeon reaches $10.

Maybe it will, but bitcoin might already be on $100,000 hehehe.

[estenity]

@Febo. I read the comments in Tradingview that the person who did that chart also predicted that bitcoin will go to $10,000 when it was still on $600. Is that true?

In any case, bitcoin already was listed in many different exchanges located in different regions of the world. Aeon is listed in 3 exchanges and it is traded in very low volume. We would be very lucky if Aeon reaches $10.

Maybe it will, but bitcoin might already be on $100,000 hehehe.

he seems to be an ardent supporter of aeon (and monero):

https://www.tradingview.com/u/Ero23/

[Febo]

@Febo. I read the comments in Tradingview that the person who did that chart also predicted that bitcoin will go to $10,000 when it was still on $600. Is that true?

In any case, bitcoin already was listed in many different exchanges located in different regions of the world. Aeon is listed in 3 exchanges and it is traded in very low volume. We would be very lucky if Aeon reaches $10.

Maybe it will, but bitcoin might already be on $100,000 hehehe.

LOL i have no ideas of his speculations. I know Max Keiser predicted Bitcoin will be over $100k, when Bitcoin was just $1.   He didn't said time when so altho Bitcoin is not $100k we cant say he was wrong back then.

This charts help you project price on timeline.  Some say  charts work others that they dont. But is different from saying now that AEON will be $100 one day. That guys chart  says that  AEON ( if its price would follow the pattern in past) could be worth $100 already mid next year.

[vlad06]

I've had one eye on this coin for a while but never jumped in, is it a good project?

[bbc.reporter]

Eros23 posted another analysis but this time on Aeon/BTC.

https://www.tradingview.com/chart/AEONBTC/XhvjDrPY-Aeon-BTC-Continuous-growth-of-the-2-cryptonote-coin/

It is the same prediction as his Aeon/USD chart in which I make the same argument, how can Aeon perform better than bitcoin if the volume is low, and the exchanges it is listed in is only 3?

[boomboombazookajeff]

I've had one eye on this coin for a while but never jumped in, is it a good project?

It has some of the Monero guys working on it e.g. smooth, debruyne, americanpegasus, and stoffu. So it has good leadership. The rebase has been a bit finicky though which may explain the lull in price.

[bbc.reporter]

@boomboombazookajeff. I reckon smooth is the only reason why Aeon has been holding on as a project and as a coin. Without him, it would have been one of the forgotten projects. To tell you the truth, it appears to be like a forgotten project by some people. Aeon is on 301th place in coinmarketcap.com hehehe.

[faruk34]

AEON is a privacy driven cryptocurrency that allows anonymous payments. AeonCoin uses a CPU/GPU friendly algorithm. Aeon now looks cheap. I think the price will rise in the future

[Febo]

AEON is a privacy driven cryptocurrency that allows anonymous payments. AeonCoin uses a CPU/GPU friendly algorithm. Aeon now looks cheap. I think the price will rise in the future

Actually a this point it dont and thats why mining profits are super low.  But that should change really really soon.

[bbc.reporter]

@faruk34. Aeon will rise, but not as high as the other bigger projects. I reckon it would be better for you to lower your expectations. Aeon is not a coin for making you rich as quickly as possible. It is a coin for community building and real world usage like bitcoin.

[bbc.reporter]

Aeon is now down under 20k satoshis. I cancelled my remaining orders to buy on and below 15k satoshis. I reckon if it goes down there it might take another long time to go back over 20k

I am very disappointed in Aeon's performance in the market.

[estenity]

Aeon is now down under 20k satoshis. I cancelled my remaining orders to buy on and below 15k satoshis. I reckon if it goes down there it might take another long time to go back over 20k

I am very disappointed in Aeon's performance in the market.

slight bounce on bittrex, we shall see..

[SparkIt]

I think AEON has found its local bottom. Today, amid the declining market, the coin well passed its stress test of stability after significant growth of hashrate. I'm sure now that AEON has good prospects in terms of value.