APTUSDT Perpetual ContractUpdated APTOS Outlook continued...
APT has now reached the first key area of interest, it's still maintaining its structure in a descending wedge pattern respecting the trendlines.
BTC will ultimately decide the near term fate of APTOS as it's important bitcoin stabilises or even bounces before altcoins have any hope of doing so. With BTC having lost the 1D 200EMA support I'm thinking price will drop closer to the bullish OB 2 or even 3 before getting bullish.
BTC will ultimately decide the near term fate of APTOS as it's important bitcoin stabilises or even bounces before altcoins have any hope of doing so. With BTC having lost the 1D 200EMA support I'm thinking price will drop closer to the bullish OB 2 or even 3 before getting bullish.
Note
Returning to this idea just to see where APT managed to get to. Looks like we had short term reactions off every bullish OB, however the overall downtrend continued to stay bearish and still does.
I think the time to flip bullish for a long term hold is soon. Between $3.00-4.00 If we sweep lows in Q3-4 of 2023.
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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.