ASTRUSDT trade ideas
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:THE SECOND ELIOTE WAVEHELLO GUYS
-It seems that ASTR is at the end of the second wave of Elliott waves...this second wave has taken the shape of a triangle and the price is trading above EMA7.
-Averages are perfectly arranged on top of each other.
-If you are not holding it, you can buy after the breakout and the daily close in the area specified in the chart.
-In the event of a retracement and a breakout below, we do not sell until the price is below EMA14.
ASTRUSD Potential on this gemThe Astar token (ASTRUSD) has caught my attention recently. The late March parabolic rise made an April 01 High, which stopped inside the Resistance Cluster of its first trading candles. Since then it has been trading within a Triangle pattern, which just today hit the 4H MA50 (blue trend-line). That is the first, short-term Support. Even if it holds, I prefer to buy after the Resistance Cluster breaks, more specifically above the 0.618 Fibonacci retracement level of 0.3100.
If the 4H MA50 fails, it would be best to wait for contact with either the 4H MA200 (orange trend-line) or better yet the Higher Lows trend-line since the January 26 market bottom.
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