Have you ever watched a chart hit a level so perfect that you can almost feel the market taking a deep breath before the next explosive move? That’s exactly where Aster finds itself right now.
Sitting at roughly $1.16 while I’m typing this, the price is literally parked on top of one of the cleanest support confluences I’ve seen in months. And the structure? It’s starting to scream early-stage bullish Elliott Wave in a way that gets any technical trader’s pulse racing.
Let me walk you through why this setup has my attention — and why it should probably have yours too.
The Perfect Storm of Support Confluences
First things first: Aster isn’t just “near” support. It’s glued to a zone where multiple high-probability tools overlap like they were designed to meet here.
- The 0.618 Fibonacci retracement of the entire move up from the lows
- The Point of Control (POC) — the price level with the highest traded volume in the visible range
- A major daily higher-timeframe horizontal support that rejected price multiple times before
When you see three completely different analysis methods pointing to the exact same area, you stop calling it coincidence and start calling it institutional interest. These are the zones where smart money tends to step in and defend.
And defend they have. The bounce off this area was sharp, decisive, and — most importantly — followed by a clear break of immediate market structure to the upside. That little detail is everything.
Why Structure Break Matters More Than Most Realize
In plain English: the price made a higher high after the bounce. That’s the first real crack in the downtrend’s armor.
Think of market structure like a staircase going down. Every lower high and lower low is another step lower. When price suddenly refuses to make a new lower low and instead punches through the most recent lower high? The staircase just broke. Someone kicked the supports out from underneath the bears.
I’ve watched hundreds of these moments over the years, and when they happen at major confluence zones, the follow-through is often violent.
Volume Tells the Real Story
One of the things that keeps me from getting overly excited too early is volume confirmation. Guess what? We’re seeing it.
Selling volume has been drying up on every approach to this support zone while buying spikes are getting taller. That’s classic absorption — someone (or more likely, a lot of someones) is accumulating right here.
In my experience, when volume profile shows heavy trade concentration at the lows and price refuses to close below it, the path of least resistance flips bullish.
Volume is the weapon of the professional. Price is what they let you see. Volume is what they can’t hide.
Elliott Wave Context: Wave 2 or Something Bigger?
Here’s where it gets really interesting for the wave counters among us.
If we zoom out just a bit, the entire decline from the highs looks suspiciously like a textbook Wave 2 correction — deep, scary, and perfectly aligned with the 0.618 Fib zone that Wave 2s love to terminate at.
Wave 2s are notorious for shaking out weak hands. They retrace a huge chunk of Wave 1, often make people believe the entire uptrend is dead, and then — bam — Wave 3 launches with force that makes the first move look gentle.
- Wave 1: The initial impulse up (already happened)
- Wave 2: Deep corrective pullback to 0.618 zone (where we are now)
- Wave 3: The “money wave” — longest, strongest, most profitable
All we need now is confirmation in the form of a higher low. If Aster can hold above roughly $1.08–$1.10 and then start pushing up again, the probability of a massive Wave 3 skyrockets.
First Realistic Targets if the Bulls Take Control
So where could this thing actually go if the structure plays out?
Wave 3s have some common extension levels:
- 1.618 extension of Wave 1 → around $2.30 (first major target)
- 2.618 extension → closer to $3.50–$4.00 territory
- In monster moves, we sometimes even see 4.236 extensions
The $2.30 area is particularly interesting because it lines up with previous value area highs and a cluster of old resistance levels. That’s usually where the first real profit-taking shows up.
But here’s the thing I always remind myself: Wave 3s rarely stop at the minimum target. They overshoot. They make people who sold too early want to jump off tall buildings. That’s just what they do.
What Would Invalidate the Bullish Case?
Fair question. Nothing is ever 100% in trading.
If Aster closes decisively below the current support zone — let’s say a daily or 4H close under $1.05 with expanding volume — then this entire setup gets thrown out. We’d likely be looking at a more complex correction or even a full trend reversal.
But until that happens? The weight of evidence is clearly tilting bullish.
Broader Market Context Actually Helps Here
One last piece that shouldn’t be ignored: alt598coin sentiment is quietly improving. Bitcoin dominance is showing signs of rolling over, money is rotating, and mid-cap projects with clean charts are starting to wake up.
Aster fits that profile perfectly — decent liquidity, growing volume, and now a textbook technical setup. In alt seasons, these are exactly the names that catch fire first.
I’m not saying it’s guaranteed. Nothing ever is. But from a pure risk/reward standpoint, having exposure around current levels with a stop below the support zone looks incredibly attractive.
Sometimes the market hands you setups so clean you almost feel guilty taking them.
This feels like one of those times.
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