APTUSDT trade ideas
🔥 APTOS Falling Wedge Break Out: Most Bullish In Weeks!After six weeks of relentless selling, it seems that APT has finally broken out of the falling wedge pattern.
The break out was quick, and the price retested the top resistance as support, which is always bullish. In my view, a short-term bull-trend has been confirmed.
With everything that's going on I'd like to keep my targets close, see blue lines.
APTUSDT wants the breakout?APTUSDT indicates that the market is testing a resistance level on the 4-hour chart. This resistance level is significant because it comes after a breakout from a daily descending channel.
The descending channel is a technical chart pattern that shows a downtrend in the market. It is characterized by a series of lower highs and lower lows, forming a channel with parallel trendlines. In the case of APTUSDT, the breakout from the descending channel suggests that the bearish trend may be losing momentum.
On the weekly timeframe, the price of APTUSDT bounced off of the 0.618 Fibonacci level. This level is a significant area of support and is often used by traders to identify potential buying opportunities.
If the price manages to create a clear breakout above the $13 resistance level, according to Plancton's Rules, a popular technical analysis strategy, it would be a signal to enter a long position. This means that traders could consider buying APTUSDT if the price breaks out of the resistance level and shows signs of continuing upward momentum.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
APT/USDT Waiting For $8.5 Hey, guys ✌️
Another one we would like to talk about is going to be APT coin here! Currently in between two possible movement many traders are waiting for one last final confirmation on bigger picture. We see EMAs are far away from market price and RSI seems to have an crossover forming there which can mean to smaller bullish movement to happen. This all can fall apart if we have one last clean breakdown and secure that zone below $10.
Making this happen can result the price to go towards $8.5
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Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.