$ASTER is starting to develop some solid levels to watch on the HOURLY chart, finally. So let's get into it, as my long position that I posted last night has NOW been triggered at $1.71.
So, a nice retest of the DOUBLE BOTTOM after breaking out above the resistance located at $1.65.
And a famtastic high volume candle to confirm the breakout.
After the breakout it's been going up very quickly and I expect some resistance at precisely the $2 - $2.04 zone (falling wedge/double bottom targets).
If we do get a hard rejection now at $2, I will move my STOP LOSS just below the breakout level which triggered my LONG = $1.63. The risk factor is very tiny, that's how i like it.
So initial take profit area just above $2, and if we do continue higher, refer to my previous posts for the targets higher.
This is also WAVE 3, the most explosive in Elliot's Wave theory, and once it's finished, we can buy again/more for the WAVE 5 rally ($1.70 projected for the WAVE 4 bottom, this could change depending on how high the WAVE 4 reaches).
Staying tuned into #ASTER is a good idea, the volumes have been incredible, higher than
ETH or 
SOL 💙👽
So, a nice retest of the DOUBLE BOTTOM after breaking out above the resistance located at $1.65.
And a famtastic high volume candle to confirm the breakout.
After the breakout it's been going up very quickly and I expect some resistance at precisely the $2 - $2.04 zone (falling wedge/double bottom targets).
If we do get a hard rejection now at $2, I will move my STOP LOSS just below the breakout level which triggered my LONG = $1.63. The risk factor is very tiny, that's how i like it.
So initial take profit area just above $2, and if we do continue higher, refer to my previous posts for the targets higher.
This is also WAVE 3, the most explosive in Elliot's Wave theory, and once it's finished, we can buy again/more for the WAVE 5 rally ($1.70 projected for the WAVE 4 bottom, this could change depending on how high the WAVE 4 reaches).
Staying tuned into #ASTER is a good idea, the volumes have been incredible, higher than
ETH or SOL 💙👽
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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.
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.