MyCryptoParadise_Nathan

ASTR/USDT Switch to Upward Momentum ??? Astar Analysis Today

BINANCE:ASTRUSDT   ASTR / TetherUS
๐Ÿ’Ž ASTR has certainly captured our interest. Currently, ASTR is navigating within a descending channel formation, recently experiencing a notable upward surge following a bounce off the channel's support trendline. There's potential for ASTR to climb further to challenge the resistance trendline, as indicated by the robust green candle.

๐Ÿ’Ž However, merely reaching this point isn't enough; ASTR needs to decisively break out of the descending pattern to validate a bullish momentum and sustain its ascent. Success in this endeavor could see ASTR targeting the supply zone and even the significant supply area beyond.

๐Ÿ’Ž Conversely, if ASTR faces rejection at the resistance level, it may retreat for a retesting phase near the upcoming demand zone, aiming to gather strength for another breakout attempt. The scenario turns bleak if, during retesting, ASTR fails to demonstrate a strong rebound or faces rejection at the demand zone, leading to a breach below. Under these circumstances, ASTR might extend its downward trajectory, seeking the next level of support.
Trade active:
Bingo! #ASTR is dancing to our tune, up 21.65% just like we predicted.


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