Aster is showing rejection at the 0.618 Fibonacci retracement, indicating a pause in bullish momentum. The reaction here suggests a local range is forming, providing both traders and investors a clearer structure to track.
Key Technical Points:
- Resistance: 0.618 Fibonacci confluence
- Support: $1.20 daily demand zone
- Target: $1.80 if structure confirms
The rejection has brought price back toward $1.20, a key daily level that could act as the second leg of a double-bottom formation. If support holds, this could trigger another rotation higher into $1.80, aligning with prior value range highs.
Losing $1.20 would invalidate the structure, leading to further downside exploration. However, price stability above this zone suggests consolidation before expansion.
In short, Aster remains technically neutral-to-bullish above $1.20, with structure favoring a higher-timeframe continuation setup.
Key Technical Points:
- Resistance: 0.618 Fibonacci confluence
- Support: $1.20 daily demand zone
- Target: $1.80 if structure confirms
The rejection has brought price back toward $1.20, a key daily level that could act as the second leg of a double-bottom formation. If support holds, this could trigger another rotation higher into $1.80, aligning with prior value range highs.
Losing $1.20 would invalidate the structure, leading to further downside exploration. However, price stability above this zone suggests consolidation before expansion.
In short, Aster remains technically neutral-to-bullish above $1.20, with structure favoring a higher-timeframe continuation setup.
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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 ⚔️
Telegram: t.me/freetradingden 🔥
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.