ASTRUSD Potential on this gem

7 abr 2022

The 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.




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