Long
ASTBTC AirSwap Break Up or Break Down?
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 coming either way very shortly.
Red line signifies temporary local support. A daily close below this line and the turquoise will be the next area of interest.
Green lines signify potential profit points if it does go bullish.
AST has historically made very swift and large moves, so this is high risk/high reward.
This is not financial advice.
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 coming either way very shortly.
Red line signifies temporary local support. A daily close below this line and the turquoise will be the next area of interest.
Green lines signify potential profit points if it does go bullish.
AST has historically made very swift and large moves, so this is high risk/high reward.
This is not financial advice.
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