ASMUSD trade ideas
Fib Target .33 area for next leg upAs you can see the first target was reached on the initial move from coinbase listing down to about the .07 cent area. Overlap of the most recent move to a conservative target of the 1.618 level puts the this right around the .33 cent mark of target 2 from initial FIB analysis.
ASM gaining momentum on CoinbaseASM Assemble Protocol was recently listed on Coinbase, has a market cap of only $67Mil and it is forming higher highs and higher lows on the 1h timeframe, which is extremely bullish it it keeps the trend.
It has a strong daily volume, $38Mil.
The all time high was $0.645, so almost 7X from here.
Projects listed on Coinbase tend to retest their all time high eventually.
I look forward to read your opinion about it.
ASMNot a Financial advisor.
ASM was recently listed on Coinbase Pro yesterday 10/21/21
Saw a run up to .144 and has pulled back quite a bit.
.11 is strong resistance for ASM, if we can get above that and maintain that area for support we can look to start up trend to .131
After that I believe we will retrace and back test support again. Then potentially look to uptrend to .17 area.
New coin, dyor please. I'm looking to just trade this for the time being & potentially revisit.
high risk.