APT Channel ImportanceIn the weekly analysis of Aptos (APT), we observe an upward trend.
The new lows and highs are higher than the previous ones, indicating the sustainability of the bullish trend.
After the end of the corrective wave and the price reaching the channel's bottom, a strong upward trend has formed. Based on daily patterns, the price is expected to rise towards the channel's top. It is important that the bottom of the channel is maintained to continue the upward trend.
Aptos
APT: Oversold at SupportTrade setup : Trends are mixed. After a bearish breakout from Channel Up pattern, price has pulled back below 200-day moving average (~$9.30), which could signal a bearish trend reversal to downtrend. However, price is now oversold (RSI < 30) just as it nears $8.00 support and could bounce up near-term. Swing traders: this could be an attractive swing trade entry with +20% upside to $11.00. Stop Loss (SL) level at $7.80.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $8.00, then $5.50. The nearest Resistance Zone is $11.00, then $13.00 and $19.50.
APT - trapped sellers after 36% dropAPT - trapped sellers after 36% drop
APT dropped 36% since high $19.33
at this moment open interest started rising a lot with the NEgative delta
In most cases after such a drop short sellers become trapped and prices go oppositely to take their SL
In a video i share with u 3 ideas of how to take trades and potential targets
APT: Pullback in UptrendTrade setup : After a bearish breakout from Channel Up pattern, price has pulled back to $13.00. However, it remains in an Uptrend. Momentum is inflecting bullish again (MACD Histogram rising) and price could swing back up to $16.75 for +25% potential upside. Stop Loss (SL) level at $11.90.
Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $13.00, which it broke, then $11.00. The nearest Resistance Zone is $16.75, then $20.00.
#APT/USDT#APT
The price is moving in a downward channel on a 4-hour frame, about to break upward
The area in green is a very strong support area from which the price rebounded at price 14
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability moving average of 100
Entry price: 14.1
First goal 15
Second goal 16.6
Third goal 18.23
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It means that not to much people to pay attention to this altcoin and don't want to buy it now...still. The retailers want to buy such altcoins when it pump by 3-4x which is end of the growth.
The same pattern with Aptos supposes these target for ID:
1. $0.36 (+97%) - the key level
2. $1.05 (+457%) - the local high
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APTUSDTHi guys
It seems that the two price areas that we have identified are very low risk for buying.
According to the issued divergences, the possibility of a downward trend should be considered.
Interestingly, this cryptocurrency does not have any resistance range after the price area of $20.4!
What do you think?
APT/USDT Ready to Claim its Thrown? 👀🚀Aptos Analysis💎Paradisers, let's examine the recent market trends for #APTUSDT, which has impressively broken free from its descending channel pattern.
💎At this moment, #Aptos is advancing towards the descending resistance from within the demand zone. This situation presents a chance for the price to rebound from this area and embark on an upward journey, aiming for the bearish Order Block (OB) as its forthcoming milestone.
💎If AMEX:APT does not achieve the anticipated bounce and instead dips below the demand zone, we could see a fallback to the Bullish OB region around the $7.57 mark, where it would seek rejuvenated impetus for an ascent.
💎The Bullish OB zone has historically been a key factor, reliably initiating significant market recoveries upon interaction. Yet, a failure of this zone, indicating a shift towards bearish trends, may lead to a pursuit of bullish momentum from a more subdued position.
💎In case #APT doesn't harness the momentum from this or any subsequent level, a continued descent might ensue. Rest assured, Paradisers, your ParadiseTeam is vigilantly monitoring these developments, ready to offer insights and guidance through these market shifts
APT: Channel UpTrade setup : Price is in an Uptrend, showing relative strength as it continues to advance even during an overall market correction. We would be buyers on pullbacks to Channel support trendline (~$16.00). Stop Loss (SL) at $14.50.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. 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 : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $15.00 (previous resistance), then $13.00. The nearest Resistance Zone is $16.75, which it broke, then $20.00.
Aptos (APT)Aptos is a new project in crypto market with a lot of attention as well as features to offer. There is not much price candles to tell the big picture pattern; but as can be seen after APT made a harmonic pattern, it went into a corrective phase which seems unfolded in a complex two a-b-c pattern. Please note that this corrective wave might take longer to finish and get more complex. Anyway, we need to see the minor downtrend line break as the first signal for upward continuation. Let's see what happens.
APT: Channel UpTrade setup : Price is in an Uptrend, showing relative strength as it continues to advance even during an overall market correction. Bullish break above $15.00 resistance signals continuation of an Uptrend with +10% upside potential to $16.75 near-term. Stop Loss (SL) at $13.90.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. 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 : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $13.00 (previous resistance), then $11.00. The nearest Resistance Zone is $15.00, which it broke, then $16.75 and $20.00.
APT (Y24.P1.E2) Potential parabolic or Cup&HandleHi Traders,
#APT has been going well and held up with the recent pulbback...it didn't.
Its at resistance and like RNDR, has the makings of a parabolic structure along with a potential cup and handle.
A pullback to the grey zone would be the handle for wave 4.
All the best,
S.SAri
APT: 2-type position📊Analysis by AhmadArz:
🔍Entry:
buy: 13.409
sell: 13.952
🛑Stop Loss:
buy: 13.173
sell: 14.604
🎯Take Profit:
buy:13.62-13.95
sell: 13.45-13.06-12.62-12.19
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