API3USDT.PS trade ideas
API3 BULLISH SETUPThe asset has now gained great bullish momentum while violating R1 prior to its breakout.
API3 to BTC also holding a bullish guard for a swing.
For BTC volatility on Alts check the domination frequency chart below
API might head down before upLooking to short at current prices and up to the red box...anything past red box I STOP LOSS:
Hope to short it to the green boxes...once a price reaches a box and passes it...the remainder of my position will have a stop loss/take profit since at any moment API could spike
Retest Level for API3 This asset is unvaluated, It's if we see previous levels we notice the previous historical high. Now it's time to wait for a retest and buy for holding either even trade.
BUY API3USDT-TAKE PROFIT AROUND 10+USDTBUY API3USDT-TAKE PROFIT AROUND 10+USDT
It has a very good starting point at this point to start growing.
API3: Trend Continuation Analysis with TargetsAPI3 appearing to find support on well correlated uptrend.
Anticipating support at -2 standard deviations (SD) below regression trend mean to hold.
Watching for either a mean reversion, break above, and retest for bullish confirmation or break below -2 SD for exit.
Analysis:
Price
Currently price action is ranging between $4.75 resistance corresponding well the POC for volume profile (blue line), and $3.99 support level just above Fib 23.6% retracement pulled from ATH to local low. Pink dashed lines on chart are areas of significant support/resistance as determined through analysis of multiple fibonacci pulls or simple S/R identification.
RSI
RSI currently sitting at neutral level of 51 needs to stay above 38, ideally looking for a cross and close above 55 in the next day or two for confirmation for bullish continuation.
ADX/DI
Increasing bullish trend though weakening slightly
MACD
MACD still in bullish territory above zero line. Though it appears to be nose-diving with a trajectory towards a zero-line cross, price action appears to be diverging from this move downward and MACD is starting to curl up.
The trade:
Entry: $4.17
TP1: $6.00
TP2: $7:00
Stop (Mental w/ alerts): $3.779
RR: 4.7
An ascending triangle has been drawn using the -2 SD of linear regression trend and the POC of volume profile/resistance.
Watching for bullish breakout of this triangle.
If PA breaks down out of the triangle I will be watching for support at stop-loss area at $3.779.
This stop will be a mental stop-loss with alerts as I will want to see a Daily candle close below this before exiting trade to avoid getting whipsawed.
If price closes below stop, trade will be exited and will reevaluate entry watching for support from identified areas (dashed pink lines).
-Spreck
Turtle Formation They're heroes in a halfshell, and they're green.
When the evil shredder attacks, these turtle boys don't cut 'im no slack.
LINKies are cool but rude
API3 is a PARTY DUDE!!! TURTLE POWER.
With staking launched and a break out of the long turtle shell of death, I see good things coming. There is a big overhead volume node at 3.85 but breaking that it will zoom pretty fast to mid $4.
Api3 for long investment and what the best time to buyAll detail in chart ,its essay to divided your money with different price
Api3 for long investment and what the best time to buyAll detail in chart ,its essay to divided your money with different price
API3 most undervalued Oracle bounce on demand area. API3 will catch up with the other oracles. Long way to go. Undervalues. Sitting in demand zone. Next target 10$
API3 upwards trajectoryIt looks to me like there is a good solid trend line API3 keeps bouncing off of as sturdy support with upwards momentum.
I like it. I think it's a good investment and now's the time to buy the dip.
I should thank Bitcoin-Fund-Manager, who you can find on YouTube and Twitter, for making me aware of it.
$API3 - neutral until not$API3
Decentralized APIs for Web 3.0.
Triangle pattern, getting closer to the corner.
Ready to make a new move soon.
Worst case might bounce on the 100D MA.
Volume is not so high.
API3/USDT Ready to BreakoutAPI3 has been consolidating for a while now. A break out here will easily pump it up to 200%+.
API3/USD - Ascending wedge about to break!API3 is about to complete its movement inside this large wedge that we have painted since early February.
We are likely to continue up before any meaningful resistance is met which currently stands at around $11.5. Will the wedge break up or will we crash down below support?
Bitcoin would indicate we will have some more bearish days ahead (BTC idea below), but API3 has shown tremendous strength to date and today is one of the few coins in green. Thus, best to let price lead the way. For now price should continue up until our resistance.
The indicators also support the bullish case, the only real question is if we break up of this wedge? Time will tell.
Bias remains bullish so long support holds. If that break, we may end up in a long consolidation, depending on broad market conditions.
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API3USDT (OKex) long Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck
