API3USDT trade ideas
API3 BIG RISK BIG GAINThis coin, about which I do not know much fundamentally, as long as it is above 1.56 and does not close the day below that level, maybe try something higher. There is not too much history to know so we will be looking at ATH which is 3x this price. Below, set a stop loss at the level I said and try DCA
API3 can 1400% in 2024, time to buy?API3 is breaking out of the falling wedge pattern on the weekly chart, which is a great sign of strength. We can see that the corrective Elliott Wave pattern WXYXZ is complete, and we are starting a brand new uptrend to an all-time high. I believe 2024 will be very bullish for this coin, so it is better to buy now when the price is still cheap. We must also look at the volume indicator. We can see that the bullish volume is much higher than the bearish volume, which gives us confidence in this trade. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is API3 (API3)?
Smart contracts often struggle to access dependable data, but application programming interfaces (APIs) have been touted as a solution to this problem.
API3’s stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales. As blockchain technology plays an ever bigger role in the economy — from decentralized finance to supply chain management — the team behind this project says it has never been more important for smart contracts to provide “timely, reliable real-world data.”
The whitepaper for API3 was unveiled in September 2020 and set out the main problem that’s associated with APIs at present: connectivity. At present, there’s no way for smart contracts to establish a direct connection with APIs for the latest data — and this has led to an explosion in the popularity of oracles.
Although this has helped solve the problem to some extent, the industry has since been grappling with the “Blockchain Oracle Problem.” Oracles are a form of middleware that sit in between APIs and smart contracts — increasing costs and centralization. API3 intends to get around this problem by enabling API providers to operate their very own nodes.
API3’s token went live at the start of December following on from a token sale that generated tens of millions of dollars.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
API3/USDT Break Alert!! Bullish Momentum for API3 continue UP!💎 API3 has recently experienced significant market dynamics. Currently, API3 has successfully broken out of a key resistance area, indicating a potential shift in momentum.
💎 The price is now undergoing a retesting phase, revisiting the previous resistance, which is now acting as support. If this retesting phase holds, we may witness a bounce from the support level, probability of the price further upward toward our target supply area.
💎 However, if API3 fails to bounce during the retesting phase and instead breaks down below the support level, it could signify a false breakout. In such a scenario, the price may revert to a downward trajectory, returning to the demand area around 2.05.
💎 At the demand area, it is crucial for API3 to exhibit a bounce and reclaim the key resistance area to resume its upward momentum. Failure to do so may result in continued downward movement, potentially leading the price back to test the strong resistance area once again.
API3/USDT - API3: Trend Reversal◳◱ On the $API3/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 3.562 | 3.973 | 4.87 and support near 2.665 | 2.179 | 1.282. Entering trades at 3.171 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: API3
▣ Rank: 173
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ Category/Sector: Services - Data Management
▣ Overview: API3 is a collaborative project to deliver traditional API services to smart contract platforms in a decentralized and trust-minimized way. It is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. Therefore, API3's code is open source and its operations are transparent.
◰◲ Technical Metrics :
▣ Mrkt Price: 3.171 ₮
▣ 24HVol: 10,668,767.956 ₮
▣ 24H Chng: 3.865%
▣ 7-Days Chng: -3.82%
▣ 1-Month Chng: 88.44%
▣ 3-Months Chng: 102.08%
◲◰ Pivot Points - Levels :
◥ Resistance: 3.562 | 3.973 | 4.87
◢ Support: 2.665 | 2.179 | 1.282
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 3.51
▣ Last 90D: 2.10
▣ Last 1-Y: 0.96
▣ Last 3-Y: 0.57
◲◰ Volatility :
▣ Last 30D: 2.86
▣ Last 90D: 1.84
▣ Last 1-Y: 1.35
▣ Last 3-Y: 1.49
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is N/A
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth API3USDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
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DestinyDue to the price pivots and the paradox with the volume pivots and the lower indicator of the image, negative reactivity can easily be seen, as well as the breaking of the support trend of the floor, the other thing is that you are caught in a price suffering box that I hope you will not be fooled, according to all interpretations, I expect the price to reach the $2 price range.
#API3 Forming ascending triangle pattern!#API3 BINANCE:API3USDT is forming an ascending triangle. it has support of MA 50, trendline, and the Ichimoku cloud support.
A solid breakout of the triangle would be the bullish confirmation, while a rejection would be a sign of further movement inside the triangle.
Entry Point: CMP and add more up to $3
Targets: $3.6, $4, $4.5,$4.7,$5.5,$6.9 estimated profits of 120%.
Stop Loss (SL): Set at $2.86 manage risk effectively.
It's crucial to have a stop loss in place to manage risk. Always be cautious and consider risk management strategies.
#DYOR
API3 BULLISH PENNANT PATTERNThroughout this week, BINANCE:API3USDT had a gain of more than 50% in a span of two days as of this writing.
Currently, the coin is moving sideways after a major bullish move and is expected that the price will consolidate and wait for a possible bullish pattern- true enough we saw a bullish pennant.
I will update my chart analysis for API3 in the chart on the idea threads below. Happy trading!
API3 Buying Frenzy: Seize the Opportunity Now## API3 Coin: Fundamentals, Recent News, and Disclaimer
**Disclaimer:** I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions.
**Fundamentals:**
* **What is it:** API3 is a decentralized API layer for Web3, enabling secure and reliable access to off-chain data for blockchain applications.
* **Unique selling points:**
* **Decentralized:** Data providers, consumers, and API3 stakers maintain control and transparency.
* **First-party data:** Eliminates reliance on centralized oracles and cross-chain bridges.
* **DAO governance:** Token holders vote on proposals to shape the project's future.
* **Tokenomics:**
* Total supply: Not available
* Circulating supply: 86,421,978 API3
* Token uses: Staking for rewards, governance participation, and fee discounts.
* **Current price:** $3.27 (as of February 2nd, 2024)
* **Market cap:** $283 million
**Recent News:**
* **January 31st, 2024:** API3 price surges 23.77% in 24 hours.
* **January 27th, 2024:** API3 partners with Chainlink to expand oracle network reach.
* **January 25th, 2024:** API3 integrates with the BNB Chain ecosystem.
**Additional Notes:**
* API3 is a relatively new project with a small market cap.
* The cryptocurrency market is volatile and high-risk.
* Past performance is not indicative of future results.
**I cannot provide a disclaimer without understanding your specific context and intended use of this information. Please be cautious and consult with a financial advisor before making any investment decisions.**
