koinmilyoner
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Bullish
🚀 Aster Coiling Up — Pressure Builds as Market Awaits the Next Big Move
Following a 14% increase from the previous day, Aster is now trading at a loss of about 3% as of the time of this publication on Monday. As it reverses from the $1.29 resistance level, which was set by the October 14 low, the Decentralized Exchange (DEX), which is focused on perpetuals and is supported by Binance, runs the danger of experiencing a more severe drop.
ASTER is now receiving support from the 200-period Exponential Moving Average (EMA) on the 4-hour chart, which is located at $1.19. This is followed by the 50-period EMA, which is located at $1.12. In the event that these critical moving averages are unable to absorb the retreat, it may pose a danger to the psychological level of $1.00 being reached.
During the intraday drop, the Relative Strength Index (RSI) is now at 65, which is slightly below the overbought zone. This is because buying pressure is decreasing. It may be an indication of fresh selling pressure if the relative strength index (RSI) goes below the midline.
In spite of this, the Moving Average Convergence Divergence (MACD) continues to show a consistent upward trend, and the signal line consistently indicates that bullish momentum is strong. The occurrence of a new bearish momentum cycle, which would result in the activation of a sell signal, would be indicated by the blue line crossing below the red line.
It is possible that the upswing may seek the high of October 13 at $1.59 if ASTER manages to break over $1.29.
#ASTER #MarketPullback #TrumpBitcoinEmpire $ASTER
Following a 14% increase from the previous day, Aster is now trading at a loss of about 3% as of the time of this publication on Monday. As it reverses from the $1.29 resistance level, which was set by the October 14 low, the Decentralized Exchange (DEX), which is focused on perpetuals and is supported by Binance, runs the danger of experiencing a more severe drop.
ASTER is now receiving support from the 200-period Exponential Moving Average (EMA) on the 4-hour chart, which is located at $1.19. This is followed by the 50-period EMA, which is located at $1.12. In the event that these critical moving averages are unable to absorb the retreat, it may pose a danger to the psychological level of $1.00 being reached.
During the intraday drop, the Relative Strength Index (RSI) is now at 65, which is slightly below the overbought zone. This is because buying pressure is decreasing. It may be an indication of fresh selling pressure if the relative strength index (RSI) goes below the midline.
In spite of this, the Moving Average Convergence Divergence (MACD) continues to show a consistent upward trend, and the signal line consistently indicates that bullish momentum is strong. The occurrence of a new bearish momentum cycle, which would result in the activation of a sell signal, would be indicated by the blue line crossing below the red line.
It is possible that the upswing may seek the high of October 13 at $1.59 if ASTER manages to break over $1.29.
#ASTER #MarketPullback #TrumpBitcoinEmpire $ASTER
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
XRP
2.1951
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