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AST/BTC - Potential breakout
Low market cap, low volume ( may be volatile in a price movement) . Falling wedge into the last wave of correction ( c ).
Chances are it will bounce on the first box, hit the upper line of the wedge and then come back down to the slimmer box before taking off. As always, watch for divergence and VOLUME , volume is more important, especially on coins like this!
Not an active trade since the risk to reward ratio is not good atm, but definately something to keep an eye on! I will update as we get more data.
Chances are it will bounce on the first box, hit the upper line of the wedge and then come back down to the slimmer box before taking off. As always, watch for divergence and VOLUME , volume is more important, especially on coins like this!
Not an active trade since the risk to reward ratio is not good atm, but definately something to keep an eye on! I will update as we get more data.
Note
Felt out of wedge and into the box, some action appears, still low volume.Note
Well, as with every alt that tries to breakout the past days, it gets shut down by long week which idicates high sell pressure.Note
long wicks*Note
This is our potential 1st wave up. Volume was there, it hit the top of the wedge. Long wicks= high sell pressure, watch for the next opportunity, it might appear soon.Note
It has a completed 5 waves structure on smaller time frames (30mins), watch for a retracement at the 5k - 5.1k sats area. RSI DIV so its correcting atm.Always wait for the volume for confirmation and please dont forget that its a low market cap coin which makes it more volatile and easier to manipulate.
BTC pairs are always tricky, so if Bitcoin drops further this may have a fail impulse and correct further aswell.
Note
BBs are squeezing in, price is stabilizing, this might make a move soon.Note
It reached the bottom, but it can go lower. BB showing extreme volatility, oscilattors oversold, it may bounce a little but probably not enough for a higher high.So! Set your alarms, for now . :)
Note
Moving nicely overall. Higher highs, lower lows. It has extreme volatility -as expected- so there are some short term chances for a quick proit.Next chance for a bounce at the slimmer box. I will re-evaluate my count soon(TM) and provide more precise targets.
Note
More down trend to follow here, minimum at the slimmer box and probably even lower depending on BTC. Altcoin season coming soon.Note
Ast has reached temporary bottom here, just in the end of the slimmer box, it has a chance for a short term bounce. I will refine my waves and provide an update soon.Note
Bottom soon on AST. Low market cap coins have pretty long wicks because of flash crashes (and you have to ignore some of those as pivot points).I corrected the initial count so this one should be more precise. Also its right at the edge of the falling wedge. FIbs and EW confirms.
Note
The smaller 3rd wave went lower than expected, I cant count smaller ones on this because of the long wicks, so we will work with the retracement of the forth for the final target.Note
92% retrace on AST, that should be a market cycle. Multiple dives favor a short term uptrend movement and most likely followed by a retest of that low.Note
It seems like AST is done correcting after retracing 92% and going slightly below the buy zone.Note
Note
Dont FOMO. :)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.