✴️ Aptos Year-Long Lower High (Going Down)
Updated
Aptos (APTUSDT) produced a major bullish wave in early 2023, more than 560% growth.
After the peak we had a prolonged correction, 10 months and finally a new bullish jump.
This jump is the current move which is signaling the end based on the following signals:
➖ Trading daily below EMA10 and EMA21.
➖ RSI bearish divergence since Oct. '23.
➖ Low volume on the rise.
➖ Recent double-top + rounded top formation.
➖ We have a lower high January 2024 compared to January 2023.
Lower highs can lead to lower lowers; Not necessarily but the potential is there.
👉 This one is going down based on the chart structure and early signals but, things can always change.
Namaste.
After the peak we had a prolonged correction, 10 months and finally a new bullish jump.
This jump is the current move which is signaling the end based on the following signals:
➖ Trading daily below EMA10 and EMA21.
➖ RSI bearish divergence since Oct. '23.
➖ Low volume on the rise.
➖ Recent double-top + rounded top formation.
➖ We have a lower high January 2024 compared to January 2023.
Lower highs can lead to lower lowers; Not necessarily but the potential is there.
👉 This one is going down based on the chart structure and early signals but, things can always change.
Namaste.
Note
I received a lot of heat for publishing this trade idea, a very large amount of insults from rookies, trolls and beginners.If you were holding this coin with high bullish expectations, would you prefer someone with experience to show up and tell you that you are wrong, a correction is coming soon or rather remain blinded and lose money on the way down?
The market has a bullish and a bearish phase.
The market has impulses and corrections, this is normal... What goes up, must come down...
After we are doing, we stand back up.
Aptos is set to move much lower as detailed recently.
We have a local lower high vs the long-term lower high...
Thanks a lot for your support.
Namaste.
Note
The last update came in 12 January. On the 27-January we have a lower high and the chart structure remains the same —bearish.This bearish bias/potential can be invalidated of course, only if APTUSDT moves and closes above 11.11. As long as the action is happening below this level, we consider it a distribution phase which implies lower prices.
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