astr I hope this idea I gave you is useful. The trend is very bullish. I'm waiting for an explosion. Whales always take big bites.
ASTRUSD trade ideas
ASTAR : THE Token of Sony's Soneium Blockchain!Last week, Sony announced it's Soneium Blockchain that has been in the works since last year. Earlier today, the launch of Soneium's testnest was announced during Japan's WebX event. Japan's Prime Minister and Japan's Minister of Economy gave a speech at this event. After their speeches, the stage was given to Sony's Soneium representative and the creator of the Astar Network.
Sony also announced that the ASTAR ALOR:ASTR token will be a key asset on its Soneium #Blockchain.
Previously, #Sony has announced that it will launch a #crypto exchange in Japan.
ALOR:ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically.
Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity.
The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet.
Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased.
With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
Astar looking to move?The price has been in a distribution phase since its launch during the bull market.
A textbook U-shaped pattern, with the price currently testing and remaining above resistance levels from two years ago.
The trend has transitioned into an accumulation phase for some time now.
ASTR - Following the correction
A 5-wave impulse seems to be over, and we´re currently in a correction.
0.0485 is solid support, but it is still too early to have a clear identity on the correction.
For now, I´ll be watching for a pullback to 50% (at 0.0444) and a swift rejection to the upside above resistance.
Asia's Bullish Crypto! Japan(ASTR) + S Korea(KLAY) +China(CFX)While the west is confused the East is on the move.
Keeping an eye on those blockchains that have beaten out Eth and BNB as the defacto Layer1 platforms. Positioning now for the hype.
Japan - Astar ASTR = Huge partnerships (Sony, Toyota, and many more) and strong gov support (Web3 gov initiative)
S Korea - Klaytn KLAY = Founded by the largest consumer tech conglomerate in S Korea. (Kakao). Korea loves crypto (BTC on Bithumb routinely trades 30% premium)
China - Conflux CFX = state approved and adopted by Chinese instagram (RedBook). . .China's back. Enough said.
ASTR - No reason to be bullish
The 0.053-0.055 region (gray zone), has been a reliable support/resistance zone for the last 12 months.
It was broken to the downside 2 weeks ago, and the first retest seems to have failed.
I expect new lower lows soon, and see no reason to enter long trades yet.
Wave Plot...So this is a wave plot done in log scale - targets are derived off fibs - Assuming crypto is in a bull run this should be quite plausible.
Scam It.Have took a position here for a mid-long term swing - expecting big returns if my views on markets are correct gl me.
Massive Cup & Handle Weekly TFAstar, Where to begin.
Astar is Japan's #1 Crypto from my research, they have strategic partnerships with Japan itself, Toyota, Sony, and Microsoft. Astar is a Parachain on Polkadot and it supports Native Dot, EVM, and WASM. In conjunction with this, the NFL has launched a game that is running though Astar/Polkadot. Look, aside from all that, The chart clearly shows a Massive Cup&Handle Pattern. I don't know how far we might slide before the weekly pattern works out, but definitely something to do your own research on.
