API3USDT trade ideas
$API3 LongAPI3 has a very good chance to grow. The pattern wedge has passed upwards, so we can count on the growth in the size of this wedge (purple line). Also the volumes (almost the same as during the ATH) show the growth.
However the market can make corrections, so it is worth to look at the support area.
We have support from 3 instruments at once.
The trend line, the historical support zone and the bolinger line.
Resistance zones: 5.62 - 6.05 and 6.50 - 7
Support zone: 2.62 - 3.08
Always consider the state of the market.
API3, $10-11 in the booksHey Traders,
At the beginning of 2021 API3 had a smaller circulating supply so $10.50 USD was an easy go, as with new coins, supply slowly gets added on therefore explaining why API3 isn't at its ATH. The Time cycles on the Weekly Candle Chart I drew are a signal for when API3 is cheap, this will always be valid until API3 clears $7. It is also safe to say that API3 is heading for $6.5 according to the Weekly Bollinger Bands. A thing you should know, TA with small/ new coins is difficult because you need more price history. If API3 were to get just to the $500M of UMA that would make API3 $10-11 USD per coin. $1B would make API3 $20-22 USD per coin. And if it killed Chainlink with $10B it would be $150-$200 per coin.
Just buy 3 API3, thank me later!
Safe trading,
-Pulkanator
API3 - Possible Alt Season EntryNot Financial Advice. API3 is an interesting oracle crypto that could be utilized in banking once things go digital. They are working with the open bank project source: api3.org . For the most part is has ranged the entire bull run and I think this could possibly be a good entry IF Bitcoin doesn't have more downside in the near future. If that happens it will probably go lower and that could be an even better opportunity. As of right now as long as it holds above the 0.236 Fib retracement it should be fine. Best case scenario and we have a full blown alt season we could see it hit $39.92 if it reaches all the way out to the 4.236 Fib extension.
API3 pattern & the build of the oracle solution and a 2XAPI3 has been of significant interest for a while. Originally what read as a very smart way to solve the oracle problem with a decentralized API, subsequent partnerships with 0chain and others set API3 up as a powerful solution to assist in getting real world data onto chain. Without traditional nodes providing better data integrity, monetary benefits as well as providing a solution to data holders without an existing API should provide better ability for more real world data being brought on chain via 1st and 3rd party oracles. Multi-chain solution as part of a growing wide ecosystem plays well into a future where all data is available on chain from industry to industry which need verifiable data for business decisions. A combination of API3 and other solutions is a robust answer to ranging issues. Providing potential solutions for supply chain, file storage, privacy, again data... Not betting on another oracle but what can make oracles better and assist data owners with an easier way to develop API's to get data into oracles, maintain data integrity and subsequently and easily then on chain. From Smart Cities to non crypto related data a wide ranging and flexible solution.
Recent wick down is creating a similar patters to prior periods resulting hopefully repeating a 2X on investment prior to full potential being unleashed. Goal is to secure profits and remove investment to spread to other solutions growing at break neck speed for the blockchain future. In the lower area of an earlier selected buy zone must first get through and hold above $7 to move to a 2X in the $10 range. Buying $5.15 to $4.7, SL $4.028. TP is $10.3 or wherever a 2X lands after DCA.Sitting right around significant past daily support/resistance. Risk if breaks down further but protocol/utility of significance for a long term hold at least of profits.
API3 Breakout + Alt/BTC pairingsMost ALT/BTC charts are setting up nicely for a run here as long as BTC continues trading range-bound. This is one primary example of what this play could look like. This area we are trading in could very well be a bull trap; until we see considerable volume in large cap alts, tread lightly in these riskier plays.
IOX-FX - API3USDT - Ascending triangle pattern + elliott waveApi3usdt
The price can form an ascending triangular pattern.
We will wait for wave c to complete, from that point on we could see a new wave d and e, or we could see the breaking of the ascending triangular pattern upon completion of wave c.
Possible target: 12.44
API3 symmetrical triangle ideaAPI3 formed a nice symmetrical triangle and successfully breakout two days ago. API3 currently testing the support line and I hope for a successful bounce. If that happens I want the price to exceed the previous high to be completely sure in this trade. Price target from this breakout is at around 15,80$. Let's see if that will happen
API might head down before upLooking to short at current prices and up to the red box...anything past red box I STOP LOSS:
Hope to short it to the green boxes...once a price reaches a box and passes it...the remainder of my position will have a stop loss/take profit since at any moment API could spike
