#API3USDT: Could Bull Sustain the Current Bullish Momentum? Yello, Paradisers! Can #API3USDT really sustain its bullish momentum or is a downturn ahead? Let’s break down the critical levels and key scenarios for #API3:
💎After breaking through the descending resistance of its falling wedge pattern, #API3USDT is showing promising bullish momentum. However, it’s now approaching a high supply zone between $2.13 and $2.30—a significant resistance level that could act as a hurdle. Should it successfully rally beyond this zone, we could see a shift in market structure, opening up the potential for #API3 to target higher resistance levels.
💎But let’s also consider the downside risks. If #API3 fails to sustain its position near the demand zone around $1.22, it may slip down further to test the major support between $0.98 and $1.04. This support range, aligned with a previous low, serves as a crucial price floor. For the bullish momentum to hold, the price must reclaim the demand zone with strength; otherwise, a sustained move below could hint at a breakdown.
💎Now, here’s the game-changer: If we see a daily close under the $0.98 support level, the bullish outlook would be invalidated, putting #API3 at risk of forming a new lower low. This scenario would likely trigger further declines and could shift market sentiment to a bearish stance.
Always aim for precision and keep a close eye on the critical zones to maximize your trading edge.
MyCryptoParadise
iFeel the success🌴
API3USDT
#API3 (SPOT) entry range ( 1.270- 1.480) T.(3.259) SL(1.238)BINANCE:API3USDT
entry range ( 1.270- 1.480)
Target (3.259)
SL .1D close below (1.238)
Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
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API3 - Will it retrace ?#API3/USDT #Analysis
Description
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+ Price had significant retracement from 4.8 to 1.08 with -76% crash from recent high
+ it is trading around the local support zone and we are seeing significant retrace from the crash.
+ If this support holds then we can expect a sharp bounce back from the support zone.
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VectorAlgo Trade Details
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Entry Price: 1.415620298
Stop Loss: 1.009165284
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Target 1: 1.7841
Target 2: 2.3682
Target 3: 3.3682
Target 4: 4.9078
Target 5: 9.1698
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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VectorAlgo
Trade Idea for API3 (API3) - Accumulation StrategyAPI3 is currently trading around $2.28, having seen a decline of approximately 3.46% in the last 24 hours and a 6.28% decline over the past week. The market cap is roughly $262 million, with a circulating supply of 110 million API3 tokens.
Initiate a position at the current price level of $2.28. This price provides a strategic entry point considering the recent downturn and potential for rebound.
If the price drops further, plan to accumulate additional API3 tokens at the following levels: $2.25, $2.00, and $1.50. This strategy allows for averaging down the entry price and capitalizing on market dips.
Establish a series of take-profit targets to maximize returns. The initial targets are $3.50 and $4.25, followed by higher targets at $5.75 and $7.00. These levels are chosen based on psychological resistance points and potential for substantial upside as the market recovers.
API3 aims to provide decentralized versions of APIs, solving the connectivity issues faced by smart contracts. Its unique approach to the oracle problem, through Airnode, enhances transparency and reduces costs. The project has gained significant traction and has a clear roadmap for future developments.
The current market sentiment around API3 is neutral, with a Fear & Greed Index indicating "Greed." This could suggest a good buying opportunity as investor sentiment remains positive despite recent price declines.
Accumulating API3 at strategic price points leverages market volatility and the potential for future growth. The phased profit-taking strategy is designed to capture gains as the market potentially appreciates, driven by API3’s innovative solutions in the blockchain space.
This trade idea is based on current market data and API3’s strategic positioning as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
API3/USDT It shows a bouncing, indicating reversal bullish!💎 Paradisers, #API3 is indeed a coin worth monitoring closely.
💎 The chart appears to be bouncing from the support area, potentially forming a bullish candlestick pattern known as "three white soldiers."
💎 If the daily close confirms with a green candle, this pattern could signal a continuation of the upward movement toward the resistance level at 2.744.
💎 API3 has faced rejection twice at the 2.74 resistance level before. If the price successfully breaks above this resistance level on this attempt, it could trigger a bullish momentum.
💎 Potentially leading to further upward movement toward the descending resistance line. Breaking this pattern could pave the way for reaching our target level.
💎 However, if API3 fails once again to break above the resistance, it may form a triple-top pattern, which is considered bearish.
💎 In this scenario, the price could be rejected and retreat towards the support area or even to the Bullish Order Block (OB) area. This could lead to a significant accumulation of orders and a potential strong bounce to retest the 2.74 resistance level.
💎 The bullish invalidation scenario would occur if API3 fails to bounce from the OB area and the daily candle closes below it. Such a move could confirm bearish sentiment and potentially lead to further downward movement.
MyCryptoParadise
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API3 Possible 2nd Leg Up?Hi all, another new ideas came from API3 this week. Look like its a clean breakout from the downtrend. Pumped and able to sustain on the current level. As per my chart, imo its already breaking out from bullish flag or could potentially breakout from the reaccumulation phase. Short term target should be $4.5 Mid term target sub $6 long term target should be $8-10.
Dyor.
API3 buy setupThe large API3 structure is Boolean.
Meta-targets can move by maintaining the swap range.
The swap zone overlaps with the previous BOS zone, creating a strong zone.
Closing a 4-hour candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
API3/USDT Back test on demand, Indicating Continue the upward!💎API3 has recently exhibited significant market dynamics. Currently, API3 is potentially undergoing a backtest on the demand area, which was previously the key supply area.
💎 If API3 manages to bounce at this demand zone, there's a probability of continuing its upward trajectory and reaching our target area.
💎 However, if API3 fails to bounce and instead consolidates in this region, it could be interpreted as a bearish sign, indicating a potential breakdown. In such a scenario, API3 may face further downside pressure, with the next significant level of support being at the support area.
💎 Upon reaching the support area, API3 must bounce and reclaim the price above the demand zone if it intends to resume its upward movement toward the strong resistance level. Failure to do so could confirm a shift to a bearish trend, resulting in continued downward movement, potentially pushing the price further down.
API3/USDT Break Alert!! Bullish Momentum for API3 continue UP!💎 API3 has recently experienced significant market dynamics. Currently, API3 has successfully broken out of a key resistance area, indicating a potential shift in momentum.
💎 The price is now undergoing a retesting phase, revisiting the previous resistance, which is now acting as support. If this retesting phase holds, we may witness a bounce from the support level, probability of the price further upward toward our target supply area.
💎 However, if API3 fails to bounce during the retesting phase and instead breaks down below the support level, it could signify a false breakout. In such a scenario, the price may revert to a downward trajectory, returning to the demand area around 2.05.
💎 At the demand area, it is crucial for API3 to exhibit a bounce and reclaim the key resistance area to resume its upward momentum. Failure to do so may result in continued downward movement, potentially leading the price back to test the strong resistance area once again.
API3/USDT - API3: Trend Reversal◳◱ On the $API3/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 3.562 | 3.973 | 4.87 and support near 2.665 | 2.179 | 1.282. Entering trades at 3.171 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: API3
▣ Rank: 173
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Services - Data Management
▣ Overview: API3 is a collaborative project to deliver traditional API services to smart contract platforms in a decentralized and trust-minimized way. It is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. Therefore, API3's code is open source and its operations are transparent.
◰◲ Technical Metrics :
▣ Mrkt Price: 3.171 ₮
▣ 24HVol: 10,668,767.956 ₮
▣ 24H Chng: 3.865%
▣ 7-Days Chng: -3.82%
▣ 1-Month Chng: 88.44%
▣ 3-Months Chng: 102.08%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.562 | 3.973 | 4.87
◢ Support: 2.665 | 2.179 | 1.282
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.51
▣ Last 90D: 2.10
▣ Last 1-Y: 0.96
▣ Last 3-Y: 0.57
◲◰ Volatility :
▣ Last 30D: 2.86
▣ Last 90D: 1.84
▣ Last 1-Y: 1.35
▣ Last 3-Y: 1.49
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth API3USDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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