ASTBTC AirSwap Break Up or Break Down?


Airswap has been in a downward trend since late august. It has now fallen more than 50% below its all time high.

It looks to be forming a large descending wedge , which are typically bullish formations, but the market is quite volatile right now.

It briefly tried to break to the upside a few days ago but was immediately pushed down. A large move should be coming either way very shortly.

Red line signifies temporary local support. A daily close below this line and the turquoise will be the next area of interest.

Green lines signify potential profit points if it does go bullish .

AST has historically made very swift and large moves, so this is high risk/high reward.

This is not financial advice.