ASTINO - Looking for strong bullish momentum
N wave with E, V, N & NT projection.
NT Projection (0.625): This level currently acts as immediate support. The price has tested this level and successfully closed above it at 0.630, indicating a potential continuation of upward momentum. This level is crucial for a bullish continuation; if it holds, there’s room for further upside.
The price is testing the Kumo from the lower boundary. Successfully breaking through the Kumo would support a stronger bullish case. The Chikou-Span is above the price, providing additional bullish confirmation.
The recent upward move is accompanied by increasing volume, which suggests there is buying interest supporting the price action.
Entry: Enter above the NT level at 0.630.
Stop-Loss: Set the stop-loss below the NT level, around 0.615, in case the support fails.
If the price fails to hold above 0.625 (NT level), this will indicate weakness, and a re-test of lower support levels might follow.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
NT Projection (0.625): This level currently acts as immediate support. The price has tested this level and successfully closed above it at 0.630, indicating a potential continuation of upward momentum. This level is crucial for a bullish continuation; if it holds, there’s room for further upside.
The price is testing the Kumo from the lower boundary. Successfully breaking through the Kumo would support a stronger bullish case. The Chikou-Span is above the price, providing additional bullish confirmation.
The recent upward move is accompanied by increasing volume, which suggests there is buying interest supporting the price action.
Entry: Enter above the NT level at 0.630.
Stop-Loss: Set the stop-loss below the NT level, around 0.615, in case the support fails.
If the price fails to hold above 0.625 (NT level), this will indicate weakness, and a re-test of lower support levels might follow.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
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