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🇱🇰 ASI NEXT PROJECTION WITH MARKET REACTIONASI has indeed shown a breakout and subsequent pullback within the bullish structure identified on the hourly timeframe. We are currently in a phase of anticipation, expecting the price to acknowledge the breached trend line as a support given the recent pullback formation. However, if the price fails to respond positively to the trend line as a support, we could witness a further decline. This decline has the potential to push the price of ASI back inside the established structure and even prompt a revisit towards the support level.
CSELK:ASILong
by Profitlio_
🇱🇰 ASI LONG PROJECTIONOn the hourly timeframe, ASI is currently moving within a bearish channel. A false breakout occurred at the hourly support level, leading to a reversal back towards the upper boundary of the channel. The lower highs formed by ASI within the bearish channel indicate a short-term bearish momentum. The recent price reversal respected the upper boundary of the channel, reinforcing the bearish trend. To anticipate a potential upward rally, it is essential to await confirmation of a bullish breakout. Until such confirmation occurs, the prevailing expectation is for the bearish momentum to persist within the established channel.
CSELK:ASILong
by Profitlio_