Aster is sitting on a major confluence area that includes the 0.618 Fibonacci, daily support, and the Point of Control. This region is acting as a strong technical base where buyers have historically stepped in.
If ASTER continues to hold this zone, the market may begin forming a three-wave expansion, signalling that a local bottom could already be in place. Price structure at this level reflects early signs of strength.
Key Points
ASTER sits on 0.618 Fibonacci, daily support, and POC
Current zone may act as a structural bottom
Holding support opens probability of a bullish expansion
What to Expect
If the confluence zone holds, ASTER could initiate a rally from this trade location. A breakdown would delay the bullish scenario.
If ASTER continues to hold this zone, the market may begin forming a three-wave expansion, signalling that a local bottom could already be in place. Price structure at this level reflects early signs of strength.
Key Points
ASTER sits on 0.618 Fibonacci, daily support, and POC
Current zone may act as a structural bottom
Holding support opens probability of a bullish expansion
What to Expect
If the confluence zone holds, ASTER could initiate a rally from this trade location. A breakdown would delay the bullish scenario.
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Disclaimer
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Join the Free Trading Group
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
