Destiny It is quite clear that each time the price growth is less and less and the price growth distance is also less and less, according to the previous analysis, I expect it to fall to the $2 range.
API3USDT trade ideas
DestinyThe totality of the trend if we observe that it has reached the important Fibo retracement range of 0.618 and I expect a fall to the 0.382 area, in the hourly time frames have also already analyzed if there should be a price drop
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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DestinyDue to the price pivots and the paradox with the volume pivots and the lower indicator of the image, negative reactivity can easily be seen, as well as the breaking of the support trend of the floor, the other thing is that you are caught in a price suffering box that I hope you will not be fooled, according to all interpretations, I expect the price to reach the $2 price range.
#API3 #API3USDT #Short #ShortSetup #Eddy#API3 #API3USDT #Short #ShortSetup #Eddy
Its my "API3/USDT" short setup <3
Enjoy Guys ;-)
#API3 Forming ascending triangle pattern!#API3 BINANCE:API3USDT is forming an ascending triangle. it has support of MA 50, trendline, and the Ichimoku cloud support.
A solid breakout of the triangle would be the bullish confirmation, while a rejection would be a sign of further movement inside the triangle.
Entry Point: CMP and add more up to $3
Targets: $3.6, $4, $4.5,$4.7,$5.5,$6.9 estimated profits of 120%.
Stop Loss (SL): Set at $2.86 manage risk effectively.
It's crucial to have a stop loss in place to manage risk. Always be cautious and consider risk management strategies.
#DYOR
DestinyConsidering the negative divergence that has already formed, and considering that every time the major pivot was closed, we saw a decrease in volume, and considering the black resistance trend, I must say that we will have a fall to the 2.70 range.
API3 BULLISH PENNANT PATTERNThroughout this week, BINANCE:API3USDT had a gain of more than 50% in a span of two days as of this writing.
Currently, the coin is moving sideways after a major bullish move and is expected that the price will consolidate and wait for a possible bullish pattern- true enough we saw a bullish pennant.
I will update my chart analysis for API3 in the chart on the idea threads below. Happy trading!
API3USDT.PAPI3USDT.P is in bearish trend.
Potentially printign LH and LL.
Sellers are strongly active.
No sign of reversal .
Now bullish on $API3My previous idea:
1. We have an IFVG in M15.
2. We have MSS on M15
3. We are currently at discount range.
4. Big data in crypto is trending right now hence am expecting a push up to 4.2 a token.
5. Weekly is very bullish.
Bearish on $API31. we have a change in state of delivery indicating bearishness,
2. we have a run on a high.
3. we have price reacting well off the entry fvg.
4. we are still at premium levels ideal for shorts.
API3USDT Rising Wedge After several tests, it has taken a downward phase and is suitable for sales transactions.
It will drop by almost 30%
API3 Buying Frenzy: Seize the Opportunity Now## API3 Coin: Fundamentals, Recent News, and Disclaimer
**Disclaimer:** I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
**Fundamentals:**
* **What is it:** API3 is a decentralized API layer for Web3, enabling secure and reliable access to off-chain data for blockchain applications.
* **Unique selling points:**
* **Decentralized:** Data providers, consumers, and API3 stakers maintain control and transparency.
* **First-party data:** Eliminates reliance on centralized oracles and cross-chain bridges.
* **DAO governance:** Token holders vote on proposals to shape the project's future.
* **Tokenomics:**
* Total supply: Not available
* Circulating supply: 86,421,978 API3
* Token uses: Staking for rewards, governance participation, and fee discounts.
* **Current price:** $3.27 (as of February 2nd, 2024)
* **Market cap:** $283 million
**Recent News:**
* **January 31st, 2024:** API3 price surges 23.77% in 24 hours.
* **January 27th, 2024:** API3 partners with Chainlink to expand oracle network reach.
* **January 25th, 2024:** API3 integrates with the BNB Chain ecosystem.
**Additional Notes:**
* API3 is a relatively new project with a small market cap.
* The cryptocurrency market is volatile and high-risk.
* Past performance is not indicative of future results.
**I cannot provide a disclaimer without understanding your specific context and intended use of this information. Please be cautious and consult with a financial advisor before making any investment decisions.**
API3 BIG RISK BIG GAINThis coin, about which I do not know much fundamentally, as long as it is above 1.56 and does not close the day below that level, maybe try something higher. There is not too much history to know so we will be looking at ATH which is 3x this price. Below, set a stop loss at the level I said and try DCA
API3_USDT Trade IdeaToo much of gaps down there, it has pumped enough and should retrace. A quick 1:3 RR Trade, you can decide to hold longer
API3USDT(API3) Daily tf Range Updated till 30-01-24API3USDT(API3) Daily timeframe range. in a tight place it tried twice at 3.342 still got volume here. if it can stay above 2.741 than clearing 3.342 wouldn't be much of problem. but 2.741 is not a solid ground either.
API3USDT - BULLISH OUTLOOKAPI3USDT is currently demonstrating a bullish divergence on the 1-hour (1H) time frame, indicating a potential bullish reversal. This divergence suggests a weakening of the prevailing bearish momentum and the possibility of a shift toward an upward movement.
For traders considering a position, the following trading strategy is proposed:
Entry: Consider initiating a long position using a Buy Stop order at the price level of 1.6170.
Stop Loss (SL): Implement a risk management Stop Loss order at 1.50.
Take Profit (TP): Set take-profit levels to achieve a 1:1 and 1:2 risk-reward ratio:
TP1 = 1.7370
TP2 = 1.8570
This trading strategy aims to capitalize on the anticipated bullish reversal. However, it is crucial to closely monitor the market for any changes in price action and be prepared to adjust the strategy accordingly.
API3USDT.PAPI3USDT.P is in bullish trend.
Bearish divergence also shown in RSI.
Rising wedge reversal pattern also form.
This two sign strogly indicates that the trend will be reverse if it breaks the wedge pattern downward.
API3USDT.4HBased on the provided market data for the API3/USDT trading pair, here is a technical analysis:
As of now, the current price of API3 is $3.378. The Relative Strength Index (RSI) on the 4-hour, 1-day, and 7-day charts are 78.65, 71.31, and 78.09 respectively. These values are all above 70, which often indicates overbought conditions and could suggest a potential price correction in the near future.
The Moving Average Convergence Divergence (MACD) on the 4-hour, 1-day, and 7-day charts are 0.256, 0.291, and 0.372 respectively. These positive values suggest that the market is currently in a bullish phase.
The Bollinger Bands (BB) values are 3.553, 3.519, and 3.500 for the 4-hour, 1-day, and 7-day charts respectively. The price is currently above the middle Bollinger Band in all three timeframes, indicating a potential continuation of the upward trend.
The resistance levels on the 4-hour chart are at $3.470, $3.678, and $3.975. On the 1-day chart, they are at $3.553, $4.099, and $4.800. On the 7-day chart, the resistance levels are at $3.522, $3.982, and $5.260.
The support levels on the 4-hour chart are at $2.661, $2.121, and $1.893. On the 1-day chart, they are at $2.660, $2.160, and $1.900. On the 7-day chart, the support levels are at $1.693, $0.981, and $0.500.
In conclusion, the market for API3/USDT appears to be in a bullish phase based on the MACD and Bollinger Bands. However, the high RSI values across all three timeframes suggest that the pair may be overbought and could be due for a price correction. Therefore, traders should proceed with caution and consider setting stop losses to protect their positions. As always, it's important to also consider other market factors and conduct further research before making any trading decisions.
api3If he can stabilize above 2.943, he can see those two red lines
Currently, we have a pattern in the picture that I do not like very much
API3 Long 3.105
1. Accumulation 616 days
2. After the approach of a paranormal bar and a false breakout, the instrument does not roll back down
3. At 4h sticking to the level
4. There are no strong levels at the top
Comment: if the daily pressure continues and consolidation along the level continues, I expect a breakout of the level. The nearest strong level is 3.680
API3 Breaking stage 1!Api3 is going to break his stage 1 with a sustain volumes behind it. the level to break is the 2.7$ resistance level which is a good barrier to be broken.Lets see above it if create a sustainable trend and reach the possible potential target of 8$!
good trading!
API3USDT, Short Short Term. 3 - 5 days set up. Always put sl on your trade. Trade responsibly. Dont RUsh market is always there.
Haste is waste and Patience is power. Goodluck traders
