APTUSDT Possible FALLING WEDGEHello all, today I will briefly explain my chart and the identification of a possible FALLING WEDGE for Aptos (APTUSDT)
A falling wedge pattern is a bullish chart pattern that occurs when the price of an asset is consolidating within a narrowing range, with the lows of the range getting progressively lower. This suggests that buying pressure is increasing, as buyers are willing to step in at lower and lower prices.
In the case of APTUSDT, we can see that the price has been consolidating within a falling wedge-like pattern since late January 2023. The upper boundary of the wedge is formed by a descending trendline that connects the lower highs.
If the price of APTUSDT breaks out above the descending trendline, it could be a bullish signal that the price is likely to continue higher. Traders may look for a close above the trendline as confirmation of the breakout and could potentially target the previous swing high as a profit target.
On the other hand, if the price breaks down below the horizontal support level, it could be a bearish signal that the price is likely to continue lower. Traders may look for a close below the support level as confirmation of the breakdown and could potentially target the previous swing low as a profit target.
It is important to keep in mind that technical analysis is not a guarantee of future price movements and should be used in conjunction with other forms of analysis and risk management strategies.
APTUSDT trade ideas
APTOS (APT/USDT)Currently short, All longs probably will be liquidated within a few days later. Then, expecting bounce, with DXY bearish movement.
LONG signal at ~$8
I end this with a quote,"dx.dp>h/2."--Werner Heisenberg
Take Care Everyone.
ATTENTION:
This is only my forecast, don't take this as any financial advice, it's just my research and opinion. always do your own research! not financial advice.
APTUSDT Elliott Waves (midterm expectations)Hello friends.
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Everything on the chart. (update)
Everything is relevant. In worst case we should to retest atleast 10$ zone.
Targets: ~10 and maybe even ~8.5
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions.
As we wait for a short-term uptrend to turn...Hello?
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Since the chart was created not long ago, virtually nothing is known.
However, since the HA-High indicator on the 1W chart is created at the 7.8396 point, if the price is maintained above this point, it is likely to continue the mid- to long-term upward trend.
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(APTUSDT 1D chart)
A volume profile section is being formed in the 11.8860-13.1054 section.
Therefore, price needs to stay above the 11.8860-13.1054 zone to turn into a short-term uptrend.
In addition, in order to continue the short-term upward trend, it must rise above the HA-High indicator, so it must rise above 17.4801 or shake up and down to make the HA-High indicator fall.
Therefore, the current price position is a difficult position to trade.
Since price needs to be maintained above the HA-Low indicator to initiate a trade, I think it is better to wait until the HA-Low indicator shows support.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
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APTUSDT - The Big longThe New Kid on Blockchain has made an attempt to skyrocket and before it could moon... it decided to take a breather...
this breather makes this moon even farther now... therefore better rewards for the investors.
the RSI is showing bullish divergence on 4H timeframe.
A very good RR setup is available due to this BTC pullback. Lets see what happens.
This Idea is extension of my previous APTUSDT short idea
if you like the idea please share and like it.
Happy gains. May the peace find you.
APTOS Outlook APTOS is one of the best performing large caps of this year with a 280% increase YTD. This is how I feel we could see price move over the coming weeks/months.
The price structure is clearly a descending wedge with quite a steep decline.
The bullish scenario is that price breaks out --> pushes above green line --> retests as support and moves higher towards targets 1 & 2, we've seen APT produce some incredible rallies so far, so this is not out of the question by any means. Obviously BTC price action has a part to play in altcoins rallying however, I do feel like if BTC starts pushing APT is one of those coins that gets a pump.
The bearish scenario consist of price remaining in this structure of the descending wedge, cascading down towards the many FVG its previous rallies have left unfilled. First of which is APT's previous ATH, it's right in the middle of a large FVG that's fast approaching. My guess is there are some big players willing to protect their positions at this level, however there are clear bullish Order blocks equally distanced below that I wouldn't rule out revisiting and would offer even greater potential. We would see RSI in the oversold area at that level and then I would look to enter long term positions.
