Crypto Contest April 19: Astar

M
maarnio

Astar (Binance: ASTRUSDT) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com(log scale))

Elliott Wave Analysis

In Elliott Wave terms, ASTR began a red wave one advance on October 13 last year. The red wave one (blue sub-waves i-ii-iii-iv-v) peaked on February 17 this year and the red wave two (blue sub-waves a-b-c) correction ended on March 11. If this wave count is correct, ASTR should be heading next towards the February 17 peak in the red wave three.
(Chart courtesy of Tradingview.com(log scale))

Funnymentals

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. You can watch their EthDenver 2023 presentation below.

(Sources: https://astar.network/)

How Will Astar Trade?

Astar (Binance: ASTRUSDT) daily chart by Tradingview.
(Chart courtesy of Tradingview.com(log scale))

Prizes

I will be giving upvotes to the correct answers (posts only).

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices and comment below

ASTR will takeout the February 17 peak

ASTR will drop below the March 11 low

ASTR will stay in a trading range between the March 11 low and the February 17 peak until May 25

Comments