Astra broke its major support and is currently trapped underneath it. Without a successful breakout to the upside, it's toast.
The good news is that the RSI is relatively low and is currently staying in the moderate Bollinger band, showing the potential is there.
But that's only to regain the most critical support. If it were to break out and turn it back into support you have another problem on your hand, the major resistance labeled. Where it has smacked the price down with tremendous force, twice now.
The overall structure looks to be a Descending Triangle, which indicates a very strong movement will happen based on the size.
Technically as it's currently under its major support, it's bearish, and it will continue to go down unless getting back the major support.
There are vital signs, but it's in the ICU right now.
The good news is that the RSI is relatively low and is currently staying in the moderate Bollinger band, showing the potential is there.
But that's only to regain the most critical support. If it were to break out and turn it back into support you have another problem on your hand, the major resistance labeled. Where it has smacked the price down with tremendous force, twice now.
The overall structure looks to be a Descending Triangle, which indicates a very strong movement will happen based on the size.
Technically as it's currently under its major support, it's bearish, and it will continue to go down unless getting back the major support.
There are vital signs, but it's in the ICU right now.