.
📊 Triple Bottom Pattern on the APT Chart:
🔵 The Three Bottoms:
Bottom 1: around Dec 2022
Bottom 2: around Oct 2023
Bottom 3: Mar 2025 (current low)
→ All three formed within the major support zone around $4.8–$6.2.
🟣 The Resistance (Neckline):
The key resistance is around $8.0–$8.3 (also the Ichimoku cloud edge).
If the price breaks above this level, it will confirm the Triple Bottom breakout.
🎯 Target Price After Breakout:
Height of pattern = $8.3 – $5.0 = $3.3
Target = $8.3 + $3.3 = ~$11.6
Longer-term potential: $20, as suggested by the arrow in the chart.
🔥 Supporting Bullish Signals:
Indicator Signal
RSI Forming higher lows
MACD Bullish crossover forming
Volume Increasing at the lows
Heikin Ashi First strong green candle after downtrend
📌 Conclusion:
The chart fits the criteria for a Triple Bottom pattern. If APT breaks above the $8.3 neckline, it could trigger a strong bullish move, with a first target around $11–12, and potentially $20 in the long run.
📊 Triple Bottom Pattern on the APT Chart:
🔵 The Three Bottoms:
Bottom 1: around Dec 2022
Bottom 2: around Oct 2023
Bottom 3: Mar 2025 (current low)
→ All three formed within the major support zone around $4.8–$6.2.
🟣 The Resistance (Neckline):
The key resistance is around $8.0–$8.3 (also the Ichimoku cloud edge).
If the price breaks above this level, it will confirm the Triple Bottom breakout.
🎯 Target Price After Breakout:
Height of pattern = $8.3 – $5.0 = $3.3
Target = $8.3 + $3.3 = ~$11.6
Longer-term potential: $20, as suggested by the arrow in the chart.
🔥 Supporting Bullish Signals:
Indicator Signal
RSI Forming higher lows
MACD Bullish crossover forming
Volume Increasing at the lows
Heikin Ashi First strong green candle after downtrend
📌 Conclusion:
The chart fits the criteria for a Triple Bottom pattern. If APT breaks above the $8.3 neckline, it could trigger a strong bullish move, with a first target around $11–12, and potentially $20 in the long run.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.