Airswap has been in a downward trend since late august. It has now fallen more than 50% below its all time high.
It looks to be forming a large descending wedge, which are typically bullish formations, but the market is quite volatile right now.
It briefly tried to break to the upside a few days ago but was immediately pushed down. A large move should be...
-AirSwap is testing previous support area for potential Double bottom reversal
-If AST can hold the current level and see a breakout of the resistance trendline
-It will signal a strong reversal in the midterm and may target up to 2100 sat
-But if the market price failed to hold, it will likely to test previous resistance at 992 sat
Buy on 4 hour chart
Buy on 7h chart
Sell on 2 day chart (can start a trend reversal)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
ASTBTC is now breacking bullish after a higher low.
This pair here is looking really good and has lots of potential for additional growth
We have increasing volume while pries move back above EMA10, EMA50 where EMA 100 held support perfectly.
MACD is slowing improving so it might take some more days before AST moves up.
AST is forming a Double Bottom pattern in order to push it up and the easy-to-reach target is the 1400sts zone. This is also an important area and we need to watch it carefully.
The larger pattern is the Falling Wedge, and if the AST breaks the 1400sts, the target will be the 2200sts zone and may even retest the old peak around 2700sts this September.
Great news for the Altcoins market with the massive growth we are seeing for AirSwap (ASTBTC).
This altcoin pair produced a massive candle today growing by over 200%.
If we look at May 7 low all the way to peak price today, we can appreciate over 1280% of growth...
I told this was only the beginning.
Now, when you zoom out... We can clearly appreciate that...
-AirSwap found the key support at 435 range
-The price has recovered from its recent low and up by 45%
-From this point, if the market condition will be in our favor
-AST will likely to retest the recent top at around 800 range
-Until this mini uptrend is valid, there is no red flag in the chart
-Do I recommend buying at market price?
-Looking at risk to...
-The price has retraced over -50% from the top at 880 sat range
-Currently, market price is sitting around 470 area
-If current level will not hold for the next 24-48 hours
-The next key support area is located at 387 sat
-The 387 range is a confluence of previous resistance and previous support zone
-This is a high probability of strong bounce reaction...
This is a definite buy. Crypto engineering has a buy 2 , moon and green cloud. I will sell if it goes below the support line or when it hits resistance. If any of those 2 signals turn red, I will be selling.
Sitting above ~700 sats support level on a potential falling wedge/bull flag formation..
Volume is also decreasing so wait for a breakout at both setups as confirmation...
UCTS remaining bullish at HTFs..
As targets, ~1k/1.2/1.5 sats
This will only take a few minutes.
I have noticed this pattern in various cryptocurrencies and spotted it here as well when I was comparing ETHUSD to the dot-com correction.
For the past few months I've heard nothing but: "this is a sucker's rally," "dump soon, this is unsustainable," and "they can't create a bull market by printing themselves out of it."