Lost strong support daily level between 1000-940 sat
This area bulls lost it after defend it multiple times before
And now turned resistance
And we can see one green daily candel in the weekly support level
If the price mangaged to break the resistance and become over previous support again this will be agood idea to buy
Otherwise if the price lost the...
-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...
BUY AROUND 548 - 552
SHORT TERM TARGETS: 560-580-600
LONGER TERM TARGETS : 650 - 700 - 750+
STOP LOSS : 530 - 505 - 490
pick targets and stoploss to suit your strategy, risk tolerance, % capital used etc.
-currently forming a bullish descending channel
-there is a mid resist at 632 sats
-buy the break/close above the mid resistance
-the upside target is up to 820 sats
-stop is set below 550 sats
AST is forming a bullish descending channel from its long downtrend since August 2019.
The price is still respecting both tops and bottoms' trendlines.
We can see a bullish divergence on the RSI during its drop last week.
If AST can bounce off again and potentially form a new higher low.
There is a high chance it will break this pattern soon. For now,...
AST found support at the 3rd retest of the downward trend-line area. The price rose by 27% and potentially will pullback to confirm new support between 260 - 240 areas.
EMA cross will also add an extra layer of dynamic support if tested within the next few days. AST is painting a bigger picture of the descending channel which by TA breaks to the upside...