This is not a financial advice!
I think it is a dead project. They will never get a license for Asm 2.0 because the functions of the app that they designed is violating the lawsuit. It’s impossible to convert credit/debit card rewards to cryptocurrency.
$ASM looks like it's setting up for a fall lower. I think we're likely to see price fall to the lower supports from here ($.018-$.036) before bouncing back to $.14 later in the summer.
Be careful from here, and if you're bullish, set tight stops.
I think this will be a great trade once it hits the bottom supports for ~7x gain.
In my last analysis, I showed the path for how we could get to $.20, however, I've since changed my view that we'll go higher from here and am expecting lower prices before we get up there.
I had initially thought that BTC would bounce higher from here, thus thinking that $ASM would bounce with it, however, now my base case is that BTC will fall from here, and...
ASM looks like it's in the process of finding a short term bottom around this $.088 range. I could potentially see a capitulation move down to $.082 at the lowest... Then we should see a reversal next week around Dec 21st with a move back up to the top of the structure around $.204-.214.
Let's see how it plays out from here.
Dates on the chart important dates...
Not a Financial advisor.
ASM was recently listed on Coinbase Pro yesterday 10/21/21
Saw a run up to .144 and has pulled back quite a bit.
.11 is strong resistance for ASM, if we can get above that and maintain that area for support we can look to start up trend to .131
After that I believe we will retrace and back test support again. Then potentially look...
