Aster/Tether

$ASTER (8-HOUR): FALLING WEDGE breakout but still a DOWNTREND

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AASTER has broken out from the FALLING WEDGE but so far it's been a weak breakout. No volumes and likely put in a LOWER HIGH at $1.15.

Staying away from this, just bearish structure despite two BULLISH chart patterns, the wedge and the DOUBLE BOTTOM. Still, this WAVE 4 is expected to hit $1.44 before further collapse.

On-chain metrics are showing some $2M daily FEES, and it's the fees that will be decisive in the next #Buyback so keep an eye.

Some BEARISH OBV & RSI divergences flashing on the HOURLY chart, btw.

#ASTER has become a bit toxic these days, and the charts have been reflecting this thesis.

👽💙

Penafian

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