$ASM targeting $.29-$.35 for it's final leg?
Rode the initial leg up last week from $.16-.24. Now after consolidating for the past few days, $ASM looks like it wants to make a run at it's final target of $.29-$.35.
As you can see on the chart, a flag has formed inside of a larger flag and we seem to be testing this $.193-.194 region as support. If the support can hold here, and we break through $.22 on the way up, we should see $.29-.35 fairly quickly.
An alternative scenario would be that we break down from the smaller flag to test the $.169 support level before moving to the final target. In either way, the chart overall looks bullish and I'd expect the target to be reached over the coming days.
Entry at $.193.
As you can see on the chart, a flag has formed inside of a larger flag and we seem to be testing this $.193-.194 region as support. If the support can hold here, and we break through $.22 on the way up, we should see $.29-.35 fairly quickly.
An alternative scenario would be that we break down from the smaller flag to test the $.169 support level before moving to the final target. In either way, the chart overall looks bullish and I'd expect the target to be reached over the coming days.
Entry at $.193.
Comment:
Fully out of my position on the spike up last night. Want to wait and see what happens here. While I initially thought it would be a shallow pullback, BTC looks heavy. Not ruling out the possibility of the larger move downwards first. Breaking $.17 and $.167 would be a red flag.
Comment:
Setting buys at the $.109 support. Let's see if they get filled.
Comment:
Reentered at $.138
Break that and $.124 is in the cards before further upside..