ASTRUSDT trade ideas
ASTR target 0.1612h time frame
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ASTR is creating two double bottoms, white and yellow circles which are marked on chart. This is a strong sign of bottom structure. Combining Fibonacci Projection with Structural resistance, we can have three targets as below. However, considering the potential dump of market, ASTR might reach 0.1~0.12 only then pull back with whole market, but we can still expect higher target when bull coming in 2024.
TP: 0.1~0.12 / 0.166 / 0.2
SL: 0.037
ASTR/USDT Switch to Upward Momentum ??? Astar Analysis Today๐ ASTR has certainly captured our interest. Currently, ASTR is navigating within a descending channel formation, recently experiencing a notable upward surge following a bounce off the channel's support trendline. There's potential for ASTR to climb further to challenge the resistance trendline, as indicated by the robust green candle.
๐ However, merely reaching this point isn't enough; ASTR needs to decisively break out of the descending pattern to validate a bullish momentum and sustain its ascent. Success in this endeavor could see ASTR targeting the supply zone and even the significant supply area beyond.
๐ Conversely, if ASTR faces rejection at the resistance level, it may retreat for a retesting phase near the upcoming demand zone, aiming to gather strength for another breakout attempt. The scenario turns bleak if, during retesting, ASTR fails to demonstrate a strong rebound or faces rejection at the demand zone, leading to a breach below. Under these circumstances, ASTR might extend its downward trajectory, seeking the next level of support.
ASTRUSDTASTRUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 1.90 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
#ASTR/USDT is forming the Descending Channel Pattern in 4-Hour T#ASTR/USDT is forming the Descending Channel Pattern in 4-Hour TF!
MOEX:ASTR reclaimed the PWL $0.4085. Wair for Previous high $0.427 breakout to open a long position. I am not opening a long until it breaks that level.
The local support level is PDL $0.3835.
ASTRUSDT Uptrend Within the Ascending Channel๐For over 2 months, starting from the end of June, #ASTRUSDT has displayed consistent upward movement, firmly entrenched within an ascending channel. However, a pivotal development occurred on August 23 when the price decisively breached the upper boundary of this ascending channel. This breakthrough hinted at the potential for an accelerated uptrend. Nevertheless, in the wake of this upside breakout, a corrective phase unfolded over the course of 3 weeks, and it appears to be an ongoing process.
๐What demands our attention at this juncture is the current price testing the lower boundary of the channel once more. This test is occurring in proximity to a critical demand zone, which interestingly served as a supply zone in the past. In the realm of probabilities, mathematics speaks volumes, and buyers should be keenly aware of the emerging risk-to-reward opportunity.
๐As long as the price remains above the demand zone, the MCP team anticipates a resurgence in price. A robust confirmation of an uptrend, in our view, would manifest with a break above the recent high at $0.0614. Such an event would trigger our quest for an opportune entry point. Subsequent to the breakout, we anticipate the price gravitating towards one of the double Fibonacci resistance levels, as depicted on the chart. Notably, the second resistance level aligns with the upper boundary of the extended ascending channel and could serve as a profit-taking region should the uptrend persist.
๐Paradisers, we remain vigilant for the establishment of a new higher high, a development that would likely usher in the next phase of the uptrend.
ASTR Retraced and Now Back For Another JumpHere is My Study On ASTR.
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ATRUSDTIs ASTRUSDT exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be $86 followed by $85
What you guys think of it ?
$ASTR is readyThe consolidation phase of the market as of this writing simply shows that the market is just waiting for a trigger for NASDAQ:ASTR to blow up as a reaction in the upcoming announcement by Astar Network on the 13th of September. "SUPERNOVA" they it, might make the difference. We don't know the details yet, but one thing is for sure- they won't hype it if its nothing.
The normal trend is to sell on news, but if the news is very material- the market might become unstoppable. twitter.com
Caveat.
40% Uptick in Sight for ASTRUSDT ?๐ On the daily logarithmic chart, yesterday #ASTRUSDT showcased a precise bounce off its uptrend trendline. This behavior is consistent with the bullish trend that has been evident since June.
๐ The demand zone, which is of paramount importance, has remained steadfast. This zone is possibly where bullish traders have been actively accumulating over the past two days. Its resilience is a testament to its significance in shaping future price movements.
๐ It's crucial to emphasize the pivotal role of the current demand zone. If this zone continues to be staunchly defended by the bulls, we could very well witness a surge in the price by as much as 40%. Such a move would be a significant leap, underscoring the zone's importance in dictating the trajectory of #ASTRUSDT.
๐ ASRTUSDT H4 Analysis ๐๐ ASRTUSDT H4 Analysis ๐
๐ฅ Bullish Momentum Alert! ๐ฅ
๐ Technical Analysis: After a thorough evaluation, it's evident that ASRTUSDT is making a strong bullish move on the H4 timeframe. The recent breakout above a significant resistance level suggests a potential uptrend in the making.
๐ฏ Confirmation Entry Strategy: The entry decision is supported by the Smart Money concept, indicating a strong presence of informed traders pushing the price higher. A decisive close above the resistance has been observed, enhancing the probability of a sustained bullish trend.
โก Why This Matters: Smart Money players, often the institutional investors and market experts, appear to be positioning themselves for an upward movement. This alignment of forces boosts the reliability of the bullish outlook.
๐ Key Points:
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H4 Close Above Resistance
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Smart Money Confirmation
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Potential Uptrend Ahead
๐ค Trading Tip: Consider a strategic entry with a focus on proper risk management. Remember, past performance isn't indicative of future results. Always be vigilant and adapt your strategy as the market evolves.
๐ Trade Safely! ๐ก๏ธ
Disclaimer: This is not financial advice. Conduct your research and consider seeking advice from professionals before making any trading decisions.
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