$APT: PULLBACK 🌊Everyone was in rush to invest in APTOS blockchain but big exchanges like Binance conquired big % of APT supply and it kinda controls price movement, dump $APT until retail traders get vanished then send it higher. This is exactly what happened in first days of $APT trading.
Now, after this breakout and print of a new HH, price is retracing to previous support and has already rejected it multiple times before going up nearly +30%.
Setting buy-limits at this support box. For SL, 5-10% below support should be fine as our TP is targeting a minimum of 50% gain.
Make sure you follow me to get alerts on this trade!
Aptos
APT/USDT🐇APT/USDT
🪄 Bullish Fresh Liquidity ! Red Zone Is Not Fresh Anymore ! ( Considering For Long If Price Reached And Show Bullish Sign In Scalp Time Frame )
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APTUSDT currently at 4h support, may head down for daily supportThe price fell below the daily resistance and now tested it a couple of times from below and got rejected. Currently the price is at 4h support and may again aim for the resistance zone up. However, that could be a risky long so if taken, shall be with very tight invalidation. A better long would be if the price reaches daily support zone. That would definitely offer a better probability for a long side win.
💮Review of the Aptos(APT) Project💮Hello! Today, let's review one of the ✴️cryptocurrency projects✴️ which is the talk of the town these days, the Aptos Project.
Today's project name is 💮 Aptos Project, shown as APT token💮.
As I have said before, I evaluate crypto projects based on various factors .👇
I have already introduced each of these factors with a brief explanation, so today, I will be looking at Aptos (APT) .
🔥Let’s get into it:
🔰🔰🔰🔰🔰🔰
✅ Project Goals : Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language independently developed by Meta (formerly Facebook)’s Diem blockchain engineers. The Aptos blockchain aims to achieve the following:
Scalability: To support a large number of transactions per second (TPS) and to minimize transaction💴 costs without sacrificing security. Aptos can theoretically achieve a throughput of over 150,000 TPS.
Security: To provide a robust and secure infrastructure that can protect against various attacks, including 51% attacks and other network disruptions.
Developer-friendly: To offer a user-friendly😊 interface and a suite of developer tools that make it easy for developers to build and deploy dApps on the Aptos blockchain.
Interoperability: To ensure that the Aptos blockchain can interact with other blockchain networks and traditional databases, allowing for greater interoperability and flexibility.
By achieving these goals, the Aptos blockchain aims to enable a new generation of decentralized applications to operate more efficiently, securely, and transparently than traditional centralized applications. This is why I have scored Aptos’ project goals 7/10.
✅ Founders : Aptos was founded by Mohammed Sheikh, also known as Mo Sheikh, and Avery Ching. Mo holds a Master's in Business Administration, and his resume includes BlackRock, the Boston Consulting Group, Ethereum builder Consensys, and Meta (formerly Facebook). Avery Ching holds a PhD in Computer Science🖥 and has spent most of his career working as a principal software engineer at Meta, which is one of the highest positions in the company. This is why I have scored the Aptos founders 8/10.
✅ GitHub : Aptos Labs has a public GitHub repository that contains the open-source code for their Aptos blockchain platform. The repository includes various software components, including the core blockchain protocol, smart contract libraries, and various developer tools.
The Aptos Labs GitHub repository is a valuable resource for developers interested in building decentralized applications (dApps) on the Aptos blockchain. The repository is regularly updated with new features, bug fixes, and other improvements, and developers are encouraged to contribute their own code and ideas to the project.
In addition to the open-source code, the Aptos Labs GitHub🌐 repository also includes documentation and tutorials that guide how to use the platform and build dApps on top of it. This makes it easier for developers to get started with the Aptos blockchain and to take advantage of its unique features and capabilities. The Aptos GitHub repository currently has over 400 contributors with more than 17,000 commits which made our experts score Aptos’ Github 8/10.
✅ Inflation Rate : Aptos launched its Mainnet with an initial total supply of 1 billion tokens in October. With new tokens minted through transaction fees and staking rewards, the total supply of Aptos has reached 1.024 billion during the past 6 months. This means Aptos has had 2.4% inflation over 6 months, and knowing this, I can say that the $APT token inflation rate is at least 4% annually. This inflation rate isn’t awful, but it also isn’t very great looking at Bitcoin’s current 1.8% inflation or Ethereum being deflationary, which is why I have scored $APT token’s inflation rate 6/10.
It's important to note that inflation rates can change over time as the underlying blockchain protocol is updated or as market conditions shift, so it's possible that the inflation rate of the $APT token could change in the future.
✅ Community : Aptos team has been actively working to grow their community through social media activity and other methods. The Aptos Twitter account has over 375K followers, their Discord channel has almost 150K😈 members, and they are also active on platforms such as LinkedIn and Medium. Therefore I have scored the Aptos community 7/10.
✅ Whitepaper : The Aptos whitepaper explains the founders’ vision in detail. It talks about the new smart contract programming language called Move, which is based on Rust. Also, the logical data model for Aptos is thoroughly explained in the whitepaper. The technologies used in Aptos, such as parallel transaction processing for achieving higher throughputs, are also explained in the whitepaper. The Aptos Whitepaper being complete and detail-oriented, has made our experts score it 8/10.
✅ Developers : Since the project was founded by people with great experience in tech companies, its developers can only be up to their standards. According to the Aptos website, more than 350 developers are currently working on the Aptos blockchain. The GitHub repository for Aptos also shows more than 400 contributors submitting commits. But you should also know that even though the devs claimed that the Aptos blockchain could process 150,000 TPS, on the day of its Mainnet launch, only 4 transactions were getting confirmed per second, and the blockchain was facing a lack of users. This is why I have scored the Aptos developers 7/10.
✅ Tokenomics : Aptos launched its Mainnet with an initial total supply of 1 billion tokens, of which 510 million were distributed to the community, 190 million to core developers, and the rest to the Aptos Foundation and private investors. Tokens held by private investors and core contributors are subject to a 4-year lockup schedule. The Aptos Foundation holds 410 million tokens, which will be released over the next 10 years, with 125 million available initially to support ecosystem projects, grants, and community growth initiatives. Rewards for token holders who stake their tokens start at 7% annually and decrease to a lower bound of 3.25%. Community sentiment has been critical of the large allocation for developers and also the Aptos team has not been transparent about their tokenomics and average retail investor has to really dig in to find some valuable information, so I have scored the Tokenomics for Aptos 6/10.
✅ Venture Capital Investors : Aptos collected $350 million from VC investors in a funding round. The investors included Tiger Global Management, Andreessen Horowitz, Paxos, BlockTower Capital, Circle Ventures, Multicoin Capital, PayPal Ventures, and more. But what raises concern is that Aptos could collect such capital before they had released a whitepaper or provided any details about their tokenomics. This is why I have scored the VC investors of Aptos 6/10.
✅ Competitor Comparison : What makes Aptos separate from all its competitors such as Solana, is its novel smart contract programming language Move. Solana’s founder has reportedly admitted in an interview that the Solana team is really concerned about a competitor L1 with a new execution layer. This, along with the fact that Move is a very developer-friendly language, could mean many devs leaving the Solana ecosystem in order to build on Aptos. Another difference between Aptos and other L1s that I should mention is that tokens on the Aptos blockchain are apparently controlled by the entity that issues them. This means that any token on the Aptos blockchain can be frozen, burned, or minted at will by whoever created it. This is an intentional design choice as the Aptos founder mentioned in a panel discussion that the Aptos blockchain can comply with regulations. This point creates concerns about censorship and the decentralization of the project, which is why I have scored Aptos compared to its competitors 7/10.
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🔔 In conclusion , Aptos obtained an overall score of 7/10 which is decent but there are a few concerns about this project that you should keep in mind if you’re considering investing in it. The biggest concern is the ridiculous disconnect between the supposed quality of the project and its transparency and organization. Aptos has technically been in development since 2017 and has had access to unlimited resources for research and development for years. It raised $350 million without a whitepaper or tokenomics, while Aptos Labs had 350 employees supposedly. So why didn’t Aptos completely hammer out the tokenomics of its $APT token? Aptos still lacks a YouTube channel; no information is available on who runs the validator nodes on the Aptos blockchain. There is also no information on which wallets belong to Aptos Labs and Aptos Foundation. These are all concerns that anyone should consider before inventing.
APTUSD After nailing the previous Top, we give you the next one!APTUSD/ Aptos hit the exact top we provided last time (chart below) and started a correction phase.
This correction phase is quite similar to October - December.
A 1D candle close over the Falling Resistance will be the signal to confirm a buy and may be closer than we think as the 1day RSI crossed over its MA level.
Target Fibonacci 2.0 at 24.00.
Previous chart:
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Impulse Wave has been beginning, up to $18APT's broken out and retesting the support around 11.9
That is confirmed by good signals:
- Ultra High Volume
- RSI divergence positive and above 50
- Breakout Resistance
When it's completed the correction wave around 11.9, we can join it for short-term. It might be hit $18
Wait and see
Apt | Breakout Aptusdt
Price was rejecting at the same trendline resistance for a long time
This time Breakout has been given if it doesn't Fakeout then 50% Bullish Move Loading
Remember: These are just ideas that we share from our experience, it does not mean that they will be 100% perfect, anything can happen in the market at any time.
Always manage your risk and trade from your research
APT IS VERY BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the APT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
APTUSDT trading between daily support and daily resistanceThe price is trading between daily support and daily resistance. The price was previously rejected from the daily resistance and pushed back towards daily support. However, the price did not quite fall into support zone and started upward movement. It is kind of no trade zone for the time being. But if one side must be chosen, I think probability will be in a slight favor of short towards daily support.
Aptos drops more with the Failed Falling Wedge pattern📉Aptos seems to want to touch the lower 🟢support zone($10.4-$9.7)🟢 with the failed falling wedge pattern.
Also, Aptos is moving in the descending channel, so we can consider the return of Aptos to the upper line of the descending channel as a pullback of the lower line of the failed falling wedge.
Aptos Analyze ( APTUSDT ), 4-hours time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Aptos APT price buying zone and a similar situation with ARBIn October last year, we published the idea of APTUSDT, which, by the way, received the Tradingview editorial choice, where we wrote that one should not look at Aptos, which is "hyped by marketers," through rose-colored glasses. At the time, when Aptusdt was priced at $9.50, we wrote that we were ready to buy Apt no sooner than in the $2-4 range. The bottom came a few months later, around $3
Now, there is a similar hype around Arbitrum ARBUSDT, although the team seems to have chosen a better time for listings than they did with APT before the fall.
By the way are you interested in our opinion and ideas about Arbitrum ARB? Write about it in the comments.
Let's return to the APTUSDT price.
In our opinion, it is possible to place orders "by a grid" in the range of $7-9 to buy APT. If all the orders are triggered, the average price will be around $8.
In general, the increase in the price of Aptos +560% in January 2023 showed that there is interest in the project, which means there is a very high chance that it will live)
Now the main task is to buy APT as profitably as possible in your medium and long-term investment portfolio.
P.S:
In 3 days - 03/31/2023, the powerful "green" first quarter of 2023 closes, and accordingly, there will be quarterly expirations on this day. Who knows how much they will try to lower the price to reduce losses from contract settlement.
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APTUSDTTo much confluence between 11.77- 11.20 probably there would be very big buy and from there we will atleast got bounce of 5-10%
Solid resistance: 12.6
Main resistance : 13.4
Last Resistance: 14.9
We are going step by step.
To be honest for me this is swing trade to mid term.
I will hold it till it don't hit my tp around 25-27$
APTUSDTTo much confluence between 11.77- 11.20 probably there would be very big buy and from there we will atleast got bounce of 5-10%
Solid resistance: 12.6
Main resistance : 13.4
Last Resistance: 14.9
We are going step by step.
To be honest for me this is swing trade to mid term.
I will hold it till it don't hit my tp around 25-27$
APT: Pullback in UptrendTrade setup : After sizeable gains (~400% YTD 2023), price was met with selling pressure around $20 resistance area and pulled back, which could be an attractive swing entry in Uptrend with upside potential to $20.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $10.0, then $5.0. The nearest Resistance Zone is $12.50, which it broke, then $20.0.
APTUSDT ROAD TO NEW HIGHFirst resistance is 12.69 and last resistance and confirmation for new high is 16.7 or something around that.
Lets see how it will goo.
I prefer to see this kind of structure after masive pump usually we get corrective down with 3 legs and once we break that 3 legs diagonal resistance usually we made another small corrective moves of that breakout of trendline and then we get the pump with high volume.
Lets see can we get it from this area of even up/lower -5%-10%.