$ASTS Update
I know a lot of bulls have been through the wringer with this name, so I’ll be straightforward.
We came close to hitting the measured move to $113, but it only reached $105. I’m now seeing signs of a potential Head and Shoulders pattern forming, with the right shoulder still missing.
More importantly, price has lost its original uptrend line, which is heavily shaping my current bias.
If the right shoulder forms, we could see one more push toward the $120–$121 zone (which may line up with the
$SPCX hype). However, if that fails and the pattern plays out, there’s a real risk of a deep and painful retracement lower.
Above $120, I still see significant room for upside. My biggest concern is what happens to ASTS once
$SPCX raises capital and the initial hype fades. There’s a possibility of distribution happening underneath.
This isn’t financial advice, just something I want bulls to be aware of.
Do you have a plan if ASTS retests the $120s?
😳
$ASTS Update
Down 30% in under two weeks… just days away from the massive
$SPCX hype IPO launch on Friday.
Bulls and bears can all agree on one thing: this thing is OVERSOLD as hell.
Relief bounce is LONG overdue 😭
Someone asked me why all my charts are ABCs lately… because that’s literally all I see right now.
We’re sitting at $85 in after-hours (exactly what we called last post). I think we tag the golden pocket at $82, then bounce HARD back toward $113 for a nearly 40% rally, forming a double top / lower high.
Then the final C-leg lower with the measured move to the meme target $69.42.
24H Velocity already hinted this entire move was a counter-trend rally off the lower low.
If we hit $69.42, the next bounce is my first PT at $200.
$82 the manipulation low before the rip… or does the pain continue? Drop your take👇