Aragon is a decentralized app (dApp) on the Ethereum blockchain that allows anyone to create and manage a decentralized organization. The Aragon project is open source and led by the Aragon Foundation. It also includes a token, ANT, that grants voting rights to make decisions about the direction of future development. Eventually, Aragon hopes to be a fully decentralized autonomous organization and dApp that’s a neutral jurisdiction for anyone to create an organization on the blockchain.
We are refreshing our chart for Aragon again in 2018, as last year we successfully got the Aragon dip bang on, and got some great profits from trading this exceptional project.
Looking at the daily charts, displayed above we can see clear floors at $0.733 against the USD and 0.00009400 against BTC
Aggressive traders can feel free to enter anytime if they so choose, or can wait for further lower levels of support.
Conservative traders would possibly benefit more to look at following trend for profits rather than just hodl.
1.Break above trendlines and upwards outside of the triangle
2.Golden cross on BOTH charts
3.Fibonacci support on ANT/BTC over 0.236 level
Looking at the 0.382 fib level for the first target, and then use further fib levels if we go higher, expect the usual bounces along the way
For news updates on the project:
Full Disclosure: The author holds a position in Aragon since the start of July. ICNN News holds no positions.
DISCLAIMER: Article is purely intended for commentary and educational purposes, and is not financial advice. Investing in cryptocurrencies exposes the Trader to substantial risk of loss and is not suitable for every investor. If you do not fully understand these risks you must seek independent advice from your financial advisor. All trading strategies are used at you own risk.