samadamsSAO

Potential AST Buy opportunity - needs more volume

Long
BINANCE:ASTBTC   AirSwap / Bitcoin
1d linear chart AST/BTC Binance
EMAs: 20, 50, 200
Indicators: RSI , MACD , 3 EMAs, Fib, TD Sequential, Volume

We need solid volume before AST can break the downtrend.

What are your thoughts?
Comment: We got our first sign of a new trend with the large increase in volume and break from the descending wedge. This is also the first time 3 daily candles have closed green since January 3rd-5th as seen in the screen shot below. Unless BTC crashes, I would anticipate some more healthy consolidation followed by upward movement towards the first fib line. That would be a good time to take some profit if you are just entering the trade. GL

Comments

We got our first sign of a new trend with the large increase in volume and break from the descending wedge. This is also the first time 3 daily candles have closed green since January 3rd-5th as seen in the screen shot below. Unless BTC crashes, I would anticipate some more healthy consolidation followed by upward movement towards the first fib line. That would be a good time to take some profit if you are just entering the trade. GL

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