AASTER has broken out of a FALLING WEDGE (target: $2.14) with a solid VOLUME spike confirming the breakout, and has also reclaimed the 50 MA.
All this happened after a single tweet from #CZ , in which he revealed that he had just bought over $2M worth of AASTER on his personal account.
I didn’t trade the breakout — that was my original plan — but it’s Sunday, and I don’t break my own rules.
Longing from here would be too late, as the GOLDEN POCKET resistance I’ve mentioned many times is directly overhead. However, if that zone gets flipped into support, I’ll be monitoring closely.
This move is very likely a WAVE A in a negative Elliott Wave count, so I’m expecting a small correction next. If the $1 mark holds as support, I’ll be interested in opening a spot position again.
The GOLDEN POCKET resistance test is around $1.31.
RSI is overbought, and there’s a hidden bearish OBV divergence.
Looks bull-trappy.
👽💙
All this happened after a single tweet from #CZ , in which he revealed that he had just bought over $2M worth of AASTER on his personal account.
I didn’t trade the breakout — that was my original plan — but it’s Sunday, and I don’t break my own rules.
Longing from here would be too late, as the GOLDEN POCKET resistance I’ve mentioned many times is directly overhead. However, if that zone gets flipped into support, I’ll be monitoring closely.
This move is very likely a WAVE A in a negative Elliott Wave count, so I’m expecting a small correction next. If the $1 mark holds as support, I’ll be interested in opening a spot position again.
The GOLDEN POCKET resistance test is around $1.31.
RSI is overbought, and there’s a hidden bearish OBV divergence.
Looks bull-trappy.
👽💙
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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.