Long

ASTBTC Is Ready for another Potential Bullish Move

Updated

Flashback: BINANCE:ASTBTC Airswap Recently had Instant v 2.0 Public Beta. We came to see good gains in volume but due to overall bad performance of market and high pressure on BTC AST Couldn't go beyond 873 satoshish however pre event buying and accumulated, RSI remained too high the price touched the price crossed 1178 on just 2 days before the event also keep in mind that we still have a weekly ceiling of 1150 ( Airswap Instant v 2.0 Public Beta).
Current Scenario: The following indicators are favoring ASTBTC bullish trend at the moment.

RSI (gradually Increasing)
MACD
EMA

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The chart is quite self explanatory i have highlighted drop-line to bear zone entry with Yellow arrow and Green arrow is representing Bullish trend while black arrows are showing supporting.

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Play with cautions.
This chart is for educational purposes only.
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Note

Ast has dropped our yellow and stepped into Bear Zone after breaking down RSI to 25. and 4 hourly EMA 25,99 at Price of 692 satoshis. If the price continues to fall below 675 it opens new ways down the road towards after breaking resistance at 652 650 in opposite to this if ASTBTC maintains 24H lowest above 670 the aforementioned scenario is invalidated.
Conclusion: In Mid to Long run AstBTC favor bullish trend in reference to current analysis . i will upload an update chart tonight. we need to have another look before May 1st.

Note

AST Is looking ready for 2nd Buy Phase get ready for that we need 14 days untill next bullish trend ..

CognitoBTC

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