ASTR
Astar (ASTR) formed bearish BAT for upto 19.50% moveHi dear friends, hope you are well and welcome to the new update on Astar ( ASTR ).
On a 4-hr time frame, ASTR formed a bearish BAT pattern
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Analysis: ASTR at a decision point, keep an eye ASTR is currently in an uptrend. It may continue the rally up; however, the trend is at a decision point. Where will ASTR head? Let's look at the 4H chart and see what we have.
The currently bullish factors:
1. Falling wedge formation, which is usually bullish
2. Tested Lower channel support
3. Price above EMA100
4. Possible early RSI breakout
The currently bearish factors:
1. Consolidation from April 11-15 breakdown(box in the chart)
2. 0.382 Fib old support turned into resistance
3. RSI Divergence from the last 2 peaks
So we have the bullish and bearish factors. The things that make ASTR on a decision point are:
1. Very tight consolidation between the 0.382 Fib and Lower channel
2. Wedge formation nearly completed
3. Decreasing volume over time
Forecast
If it successfully breaks out over the 0.382 Fib and the falling wedge, ASTR may reach 0.28, the first resistance, and may continue rallying into the upper channel. If it breaks the falling wedge and lower channel to the downside, the first support may be the EMA100 and the next supports are the 0.5 Fib and the previous low. Price and time will tell where this goes.
Here are things to watch out for:
1. Breakout of the lower channel to the downside
2. Breakout of 0.386 Fib
Thanks for reading this post, stay tuned for the next analysis! Also, if you are going to trade this analysis I suggest you DYOR first.
🆓Astar (ASTR) Apr-18 #ASTR $ASTR
ASTR is approaching the $0.2 zone, if it doesn't lose this support zone, ASTR can recover to $0.24, $0.28 and $0.32 in the near term. However, if it loses the $0.2 zone, it will continue to fall sharply to the $0.17 and $0.15 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.2$ zone
🔴Buy : 0.2
🔴Sell : 0.24 - 0.28 - 0.32
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.2$ zone
🔵Sell : 0.2
🔵Buy : 0.17 - 0.15
❓Details
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
ASTR Launch for NASA from Cape Canaveral in JanuaryAstra Space, Inc. (ASTR) to deploy its first satellite in orbit for the National Aeronautics and Space Administration (NASA) in January 2022.
At this price before this big upcoming catalyst, this looks like a great buying opportunity!
My short term price target is 11.8usd.
Looking forward to read your opinion about it.
$ASTR Astra 1D chart (launch soon)Astra Space, updated chart since the ticker change
launch attempt coming soon
could see decent upside if it goes well
scalp on the green day if you don't want to risk
$ASTR Eyes On The SkyThis week ASTRA or ASTR will be launching a test rocket for the United States Space Force delivering its capabilities over other companies like Rocketlabs, SpaceX, and more. Astra had many failures, but was able to achieve orbital launch, so this Friday starting at 1pm pt time they will have a window open till September 13th to launch the Rocket.
News
-Too many, but many contacts with Space Force, DoD, Nasa, and others
-Got license to launch from Kodiak till 2026
-First commercial launch starting Friday with 2 more planed by eoy
-Building their manufacturing building for satellites
-Their monthly rocket will be ready by eoy
TA
-Roughly at 9.50ish there's some circles you see. These represent past resistance and support from Mid July till now
-VPVR levels have built up at 10.62-11.25, which at current pricing is a 16% move to the upside at max
-Other key zones or past targets I had from Holicity or $HOL hits at $13.33 and now $16-$18
-RSI trends down and lends bearish
-Macd is folding up to show bearish movement, but could bounce back bullish
-If the current price falls, next target is $9
Final Thoughts
I'm bullish on this stock and this week we could see the $12 again with prime target of $16-$18 before the launch. This is a high risk stock, but its development as pushed forward and with recent $SPCE and $VECQ news I will be remain bullish on this stock over the others.
Price Target for LORLBullish on this company's upcoming reorganization and implementation as Telesat.
CUP AND HANDLE FORMING ON ASTRASTRA SPACE INC. SHOULD TARGET PRICE $15-20 MON, JUL 12 AFTER GALACTIC SPACE (SPCE) RIVALS WITH JEFF BEZOS TO REACH SPACE.. ASTRONOMICAL INCREASE TO ALL SPACE STOCKS... BE READY!