At this moment AIKI price is at the bottom of the new channel and if $1.23 level hold up (price strongly rejected to the up side from $1.23 level twice for the past few days ) then we can see AIKI moving towards $1.36 area and higher (see chart), If not then price will decline to $1.18 and / or $1.11 area.
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Do your own DD, I can be wrong in my prediction .
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AIKI moved up to $1.41 (middle of the channel) and rejected to the downside all way down to the bottom of the channel $1.26 .I got out bit too soon -made 5% profit and left another ~ 5% on he table ,satisfied with the amount, but not satisfied with pulling the trigger based on the emotions ,but not on the price action at that moment ,I did not feel comfortable to hold longer due to AIKI's (market) price action the day before ,I was expecting bounce today following the move down -my expectations were correct .
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Let see if AIKI going to remain with in the channel on Thursday ,if so then it will move higher ,if not then it will move down to the levels listed in the chart.
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Broke the channel support line and moved down to $1.14 area ,possible sell off might continue-see my next chart