Astartoken
Astar (ASTR) formed bearish BAT for upto 19.50% moveHi dear friends, hope you are well and welcome to the new update on Astar ( ASTR ).
On a 4-hr time frame, ASTR formed a bearish BAT pattern
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
ASTRUSD Potential on this gemThe Astar token (ASTRUSD) has caught my attention recently. The late March parabolic rise made an April 01 High, which stopped inside the Resistance Cluster of its first trading candles. Since then it has been trading within a Triangle pattern, which just today hit the 4H MA50 (blue trend-line). That is the first, short-term Support. Even if it holds, I prefer to buy after the Resistance Cluster breaks, more specifically above the 0.618 Fibonacci retracement level of 0.3100.
If the 4H MA50 fails, it would be best to wait for contact with either the 4H MA200 (orange trend-line) or better yet the Higher Lows trend-line since the January 26 market bottom.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------