Okay so in my last $ASTER update, I red-flagged the whole growing hype about the BOTTOM being IN. I was simply looking at the basic stuff, the volumes.
I repeat myself a lot regarding the volumes, and I will do in the future, this is the very fundamental stuff in TA that people overlook and get trapped on a daily basis.
Volume bars were super low, and one would expect serious buyers to step in if they thought that this price-range was value. They clearly didn't and the GOLDEN POCKET as resistance has done its job, as expected.
Now, at 97c, making a DOUBLE BOTTOM with the collapse-day DEATH WICK. Imagine closing candles below the VALHALLA-DEATH-WICK.
Not bullish, at all. We also have got a FALLING WEDGE forming, and in terms of ELLIOT'S, I made a negative count from the very top in September.
This is likely the end of WAVE 3 (MONEY WAVE, but.. in-reverse, or upside-down, lol), so an expected WAVE 4 upwards to $1.45 is a viable scenario.
STOP LOSS below the WEDGE, if I traded it, at 91c.
This asset should be fine long-term, so I'm looking for a cheeky LONG, not ready yet👽💙