APT - Bouncing from 0.618After the false breakout of APT's falling wedge pattern we are now back inside of it. The most key level is our 0.618 which was our old resistance that has now been flipped into new support. We should expect a move back up to our trendline to confirm it as resistance. We are oversold on our 12H RSI so this relief rally back to the trendline seems likely. If we can no longer hold our 0.618 price will breakdown to the bottom of our falling wedge pattern which is in confluence with our 0.786.
APTUSDT trade ideas
APTUSDT Elliott Waves Analysis (Local Setup)Hello friends.
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Everything on the chart.
Wanna try, sl is short, also good RR.
Entry: market and lower
Targets: 13 - 14 - 15
after first target reached move ur stop to breakeven
Stop: ~9.7 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 3
risk is justified
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APT/USDT Technical Analysis: Is the Bearish Trend Here to Stay?APT/USDT Technical Analysis: Is the Bearish Trend Here to Stay?
$APT/USDT is currently trading at $11.40 and the technical analysis suggests that there could be a potential bounce in the short term. However, the overall trend remains bearish and there is a possibility of a breakdown below the HKEX:11 support level. In this article, we will take a closer look at the $APT/USDT chart and provide some key takeaways for investors.
Key Takeaways:
$APT/USDT is currently trading at $11.40
The chart suggests a potential bounce in the short term, with a possible test of HKEX:13 resistance level.
However, the overall trend remains bearish, with a possible 50% down move if there is a breakdown below the HKEX:11 support level.
There are two potential support levels to watch out for at $7.55 and $5.20.
The resistance level at $13.30 should be closely monitored as a break above this level could invalidate the bearish scenario.
Technical Analysis:
The $APT/USDT chart suggests that there could be a potential bounce in the short term, with the possibility of a test of the HKEX:13 resistance level. However, the overall trend remains bearish, with a possible breakdown below the HKEX:11 support level. If this happens, there could be a 50% down move from the breakdown level.
Investors should also keep a close eye on the potential support levels at $7.55 and $5.20. These levels could offer buying opportunities for investors who are looking to enter the market. However, if the trend reverses and breaks above the $13.30 resistance level, the bearish scenario would be invalidated.
Conclusion:
In conclusion, the $APT/USDT technical analysis suggests that the bearish trend could continue in the short term. Investors should closely monitor the HKEX:11 support level and the $13.30 resistance level for potential buying and selling opportunities. As always, it is important to conduct your own research and seek professional advice before making any investment decisions.
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APT IS 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
APT IS 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
A Bit Contrarian Outlook on Aptos...A lot of you might think that this Recent Breakthrough the Trend Line might be a Bullish Scenario for Aptos. That is absolutely correct! Most TextBooks would say that a Clear Breakthrough of Trend Line is a very Bullish Setup. However at the same time Markets love to do False Breakouts I think this is what exactly will happen. I still think Pressure remains to the downside
Key Reistance Areas : As long as we stay below $14.6 I think we have a risk of testing 10$ again and who knows if we lose Ten Dollars then no one will stop this thing to come at $8. If that $14.6 gets broken I will be absolutely wrong about it and change my opinion about its outlook. Also the Recent Upside from $10.6ish level doesn't looks Impulsive at all it looks like a Corrective Pattern.
Anyways let's see we have our Line in The Sand level at $14.6 so let the battle begin🙂
APT: Channel Down BreakoutTrade setup : After sizeable gains (~400% YTD 2023), price was met with selling pressure around HKEX:20 resistance area. It was consolidating in a Channel Down pattern and appears to have broken out of it, indicating potential trend reversal. There’s potential upside potential to $15 or even $20.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $10.0, then $5.0. The nearest Resistance Zone is $15.0, then $20.0.
Does the short start from here and then go up again?This motive wave consists of five waves, so the real decline cannot start from this temporary peak, because wave B does not come with five waves, only three waves.. A small correction wave is expected for area No. 4, including a final rise in a fast and short wave C, and this will end Every upswing starts with a big deep correction
APTUSDT wants the new breakout?APTUSDT is testing a static resistance level on the 1-day chart, after a bounce from the 10 $ area where the market created a demand zone.
The demand zone indicates that there was a significant buying activity in the 10 $ area, which means that there is a possibility of new liquidity being added to the market. This could result in a new breakout from the $12.5 resistance level.
Based on Plancton's Rules, which are guidelines for trading cryptocurrencies, a new long position could be considered. If the price manages to break through the resistance level at $12.5, it could indicate a bullish trend, and traders could look to enter a long position with the expectation of a continued uptrend.
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