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APT

Aug 29Overview: The FRED:SP500 experienced another day of indecisiveness. However, for the first time during this established range, it closed in red for two consecutive days. NASDAQ:QQQ followed a similar pattern. Both indices showed higher volume than the previous day, confirming the downtrend. Buckle up for the opening price on September 3rd (Monday is Labor Day in the US). GDP growth came in strong at 3%. Does this seem like a shrinking economy? Could there be a recession if the Fed doesn’t pour gasoline on this fire? It’s starting to look like 2 rate cuts instead of 4 by the end of the year. BTC ETF has been selling for three consecutive days—on the 27th, 28th, and 29th. On the 27th, we saw a big red candle, but the market was able to absorb all that selling pressure without dropping lower. However, it's a bearish sign that even at the relatively low price point of $60k, the ETF crowd doesn't seem confident in COINBASE:BTCUSD ETH ETF trading was halted, with no buying or selling activity. Are they bracing for a big move, or is this the bottom? W: Old range, nothing new. Bearish. D: On Thursday, bulls tried to push it higher and correct the crash that occurred on Monday, Tuesday, and Wednesday. However, we are holding the range support, and the recent dip resulted in higher lows and higher highs. Mildly bullish. 4h: Sitting at the point of control line (from volume profile). It wants to break above the BB MA for the second time this week. Mildly bullish. 1h: Broke above BB MA, with an upper target of $60.05k. Bullish. Alts relative to BTC: For many ALTs ( COINBASE:SOLUSD , COINBASE:NEARUSD , BINANCE:ARUSD , COINBASE:RNDRUSD ), Thursday was a red day, creating a divergence with BTC. This is bearish for the overall crypto market. If we have three days of the market going down, and on the fourth, BTC is recovering, we want ALTs to recover with it, not continue the sell-off. Bull case: We are holding our levels strongly, and more accumulation is happening at this level. The Cumulative Volume Data (CVD) indicator suggests that even with more aggressive sellers present, the price is still able to rise, meaning some market participants are buying up those sell orders. Bear case: Same as yesterday—the bulls are weak, and the price continues to revisit the support level until it’s broken. Fear and greed index: 46.45. No change. Prediction: Short-term zigzag, long-term bearish. Opportunities, at W, 4h divergences of major alts: With BTC not knowing where to go, any ALTs technical analysis will be useless. Just like our previous prediction of COINBASE:APTUSD correction due to the MACD divergence and head-and-shoulders pattern didn’t play out, and it still bounces off the weekly resistance level.
COINBASE:BTCUSD
by EvgenCapital
#APT/USDT#APT The price is moving within a descending channel pattern on the 4-hour frame and is expected to break upwards after it has adhered to it to a large extent We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it We have a major support level in green at a price of 4.86 We have a trend to stabilize above the moving average 100 which supports the rise Entry price 4.80 First target 5.68 Second target 6.28 Third target 7.10
Long
by CryptoAnalystSignal
3
Aug 23Overview: Wow, what a 24 hours it has been. At one point, BINANCE:SUIUSD was up 21.6%. Yesterday, we mentioned that "some long positions can be taken with a properly tight SL" once a new trading range was established. On August 21st, we wrote, " BINANCE:ARUSD , BINANCE:APTUSD , BINANCE:TAOUSD showed better price action in the last couple of days. They will likely continue trading higher next week, as BTC stays within its range." But let's break it down step by step. VANTAGE:SP500 posted a green candle, closing the week on a positive note. However, that candle was within the shadow of yesterday’s red candle, making it neutral rather than bullish. Additionally, Jerome Powell’s speech at Jackson Hole wasn't particularly dovish. It was seen as a signal that the Federal Reserve is prepared to maintain a restrictive stance on monetary policy to ensure inflation is brought under control, even if that means keeping interest rates higher for longer than the markets might prefer. BTC saw a massive $252 million in ETF flows from tradfi investors. And what did early Grayscale Trust adopters do? They sold $35.6 million worth of it. We’re left wondering how much of that $35.6 million was clients simply converting expensive GBTC into cheaper BTC fund, or if they sold for good. Unfortunately, even on-chain analytics won’t reveal that. ETH ETF? No chance... Tradfi investors don’t seem to grasp smart contracts. They sold $5.7 million worth, even during a significant BTC rally. Whales and other professional market actors are well aware that September is historically volatile and often brutal. Will they start selling and closing their positions in the last week of August, or will they wait until the first or second week of September, right before the expected interest rate cut? The big question is, do you want your portfolio to end up in a meat grinder? W: Yesterday’s BINANCE:BTCUSD wick went higher than the BB MA, but after a pullback, it settled nicely right at the precisely drawn W level of $64k. If bulls can keep it above the $63k level, we can start talking about a new bullish sentiment, but as of now, we are still in a bear market. No divergence. D: The $61.8 level was taken by bulls six times, and on the seventh attempt, they gathered enough strength. BTC rebounded after a crash, forming a nice bullish pennant. However, it has now reached the upper bound of the Bollinger Bands. Definitely not a time to go long—keep an eye on MACD or CVD divergences. 4h: RSI is above 70, but no MACD divergence yet. 1h: No divergences. Alts Relative to BTC: If BTC grew by 6%, BINANCE:APTUSD is up 9%, COINBASE:RNDRUSD is up 10%, BINANCE:NEARUSD is up 12%, and BINANCE:SUIUSD is up 20%. Is SUI gearing up to be 3rd favorite smart contract platform after SOL? Will be looking closely. Some of these started to rally 2-3 days ago. BINANCE:ETHUSD and BINANCE:SOLUSD performance was more underwhelming, posting only 5.4% and 7%, respectively. Are they so beaten up that fewer people want to touch them? Where’s the ETF crowd? Leave your thoughts in the comments. Bull Case: Bulls are able to hold the important W level in anticipation of rate cuts. Reaching that level has already happened; now it’s just a matter of staying there. If Panama, Brazil, and Paraguay announce Bitcoin as legal tender, following in the footsteps of El Salvador and the Central African Republic, this could fuel further bullish sentiment. Bear Case: The trend continues without a reversal. The Fed doesn’t cut rates quickly enough, and corporate earnings reveal weakness in consumer spending. Whales and insiders start selling and shorting in late September, causing the market to drop in October—a month historically tough for crypto (cough, cough... FTX). 2013: After a strong first half, Bitcoin saw a correction in September before resuming its rally towards the end of the year. 2017: Bitcoin experienced a notable dip in September, partly due to regulatory concerns in China. However, this was followed by a rapid recovery and an all-time high in December. 2021: After strong growth earlier in the year, September saw a decline due to regulatory fears and macroeconomic factors, although the market rebounded in Q4. Fear and Greed Index: 55.87. Remember—you only buy in 'Fear' territory, which is below 40. Prediction: We might see some altcoins grow a bit more, but overall, BTC is likely to post a Doji candle next week. Opportunities: On W and 4h charts, we continue to see many major altcoins in the RSI danger zone. Wait for Saturday’s price action and potential divergences to prepare for a Sunday sell-off.
COINBASE:BTCUSD
by EvgenCapital
Aug 22Overview: The S&P 500 corrected by 1.17%, as more turbulence is expected in its attempt to break the all-time high (ATH). The chances of a 1.73% rise on Friday are slim, but we still have one more week of a relatively calm August to set some bull traps. Thursday saw a correction for BTC, but it managed to hold the crucial $60.2 level, attempting to break it three times. This establishes a new range of $60.2 to $63.1, where some long positions could be taken with a properly tight stop-loss (SL). Over the last three weeks—specifically on Sunday, the 4th, 11th, and 18th—BTC has closed with red candles, highlighting the strength of the bears, who appear to be preparing for the upcoming week by selling BTC. There's no indication this week will be any different, so consider holding long positions until Sunday, then look into taking profits or even shorting. Weekly (W) : For the fourth week in a row, we’re holding the $58.2 level. Wicks are attempting to push lower, but the bulls remain strong. This still allows some room for a bullish scenario if we can break and hold the $63.1 level. However, with a potentially difficult September ahead, there's little to suggest extreme optimism towards this risky and still relatively alternative asset. No divergence observed. Daily (D): The main event on the daily timeframe is BTC’s escape from the daily range and breaking the Bollinger Bands moving average (BB MA). However, if we consider more recent daily levels, the trading range widens, and BTC has yet to break out of it, with resistance at $61.6. No divergence observed. 4-Hour (4h) : No divergence or signs of a reversal. BTC is approaching its sixth attempt to break the $61.6 resistance. 1-Hour (1h): Showed some weakness in its attempt to break and stay above $61.6, as bears activated and pushed it down. It’s now trading below the BB MA. Alts Relative to BTC: Altcoins have been pumping at twice the rate of BTC. NEAR, SUI, APT, TAO, and FTM are all up by 4-7%. This growth is expected to continue through Friday and into the weekend. Bull Case: Same as yesterday. We believe BTC has found its bottom, and once more liquidity flows into the market, possibly following an interest rate cut, BTC will rally. The combination of the last week of August, followed by a small correction, could lead to further gains. Bear Case: The economy may be in worse shape than anticipated, and even with four interest rate cuts by the end of the year, we could still be in a recession. Fear and Greed Index: Currently at 48.45, slightly lower than yesterday’s 49.59. This is surprising, given that BTC has been on the rise for the last three weeks since the crash. Prediction: Expect growth in the last week of August, followed by a slump in the first two weeks of September, and then a downturn. Opportunities: On the weekly (W) and 4-hour (4h) charts, watch for divergences in major alts like BINANCE:NEARUSDT NEAR, BINANCE:APTUSDT APT, BINANCE:ARUSDT AR, $BINANCE:RNDRUSDT RNDR, BINANCE:TAOUSDT TAO, and BINANCE:FTMUSDT FTM. All have RSI above 70. Wait for Friday to see if MACD divergences emerge as this initial push weakens and they approach weekly resistance levels.
COINBASE:BTCUSD
by EvgenCapital
Aug 19 and week's overview.Overview: The weekend passed without significant CRYPTOCAP:BTC price movement, holding the daily level at $58.2k. On Monday, bulls rallied, managing to push the price up to $58.4k, signaling a potentially bullish week ahead. This renewed buying interest could be attributed to the VANTAGE:SP500 closing with a strong +1% gain, reminding traders of the generally positive performance of stocks in August, though caution is warranted as September and October tend to be more turbulent. CRYPTOCAP:BTC has bounced off the $58.2k level roughly five times in the last eight days. This marks the second correction week after BTC’s 30% crash, with a 23% recovery so far, suggesting a possible rally towards the next weekly level of $63k. Trading within this midrange is risky, as the price could move in either direction. Tight stop-losses (1-1.5%) and modest take-profits (3-3.5%) are advisable. Global Liquidity: Growing, which is bullish. Open Interest: Declining, but Monday saw increased capital commitment, indicating short-term bullishness. Last week ended with a small-bodied red candle, which is neutral to bearish. A similar pattern was seen in late May 2021, where a brief 18% rally was followed by a 30% decline. Weekly: Range trading with no divergence. Daily: Monday approached the BB MA, and early Tuesday broke above it, trending upward with a potential 3.7% gain. The current candle is still forming, so it's unclear if this is a genuine breakout or a false move. 4h: No significant changes or divergences. 1h: Increasing volume suggests the current upward trend is strengthening, though the RSI is in overbought territory above 70. If the RSI forms a double top near $63.1, it could be a shorting opportunity. Alts Relative to BTC: While BTC has broken above the BB MA, altcoins have only cautiously approached it. Retail traders seem to have caught on to Grayscale’s announcement of new trusts for NYSE:SUI and GETTEX:TAO , with GETTEX:TAO up 17% in the last four days, as we anticipated in our August 11th analysis. Bull Case: BTC continues to rally towards $62-63k, completing the recovery from the recent crash. Bear Case: Swing traders may turn bearish and start selling off. Fear and Greed Index: Rising, currently at 46.14 since August 16th. Prediction: BTC is likely to rally to $63k, with altcoins like NYSE:SUI , AMEX:NEAR , AMEX:APT , NYSE:AR , and GETTEX:TAO potentially gaining 7-10%. Opportunities: AMEX:NEAR : Approaching its weekly resistance at $4.38, offering a potential 6.45% gain. UPCOM:FTM : Has reached its weekly resistance at $0.4. Also, do you remember DeFi? ASX:MKR and BME:UNI , which are trading at pre-BTC ETF demand levels despite their strong fundamentals. They are actually earning hard cold cash, proving a use case for crypto: In July ASX:MKR earned fees: $19.7m, revenue of $7.54m; Aave fees $29.4m, revenue of $4.78m; and Uni collecting $47.7m in fees with no revenue provided. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Tether to Launch USDT on Aptos: $APT Price Surges 3% TodayIn a significant development for both Tether and the broader cryptocurrency market, Tether Operations Limited announced plans to launch its U.S. dollar-pegged stablecoin, USDT, on the Aptos Network ( AMEX:APT ). This move marks a strategic expansion for Tether, aimed at leveraging Aptos' cutting-edge blockchain technology, which is renowned for its unmatched speed, scalability, and low transaction costs. Following the announcement, the price of Aptos' native token, AMEX:APT , surged by 3%, signaling strong market approval of the integration. The Strategic Expansion of Tether Tether, the largest stablecoin issuer in the digital assets industry, is consistently expanding its footprint across various blockchain networks. The decision to launch USDT on Aptos is part of a broader strategy to enhance the accessibility and utility of digital currencies globally. Aptos, known for its innovative blockchain infrastructure, has demonstrated significant growth in 2024, making it a prime candidate for Tether’s expansion efforts. Paolo Ardoino, CEO of Tether, expressed enthusiasm about the integration, stating, “Aptos’ innovative technology offers a solid platform for facilitating faster and more cost-effective transactions with USD₮. This collaboration underscores our ongoing efforts to lead with innovation and support our users with stable, reliable financial tools.” The Aptos network ( AMEX:APT ), which has seen its average daily active users grow from 96,000 in January to 170,000 by July 2024, is well-positioned to benefit from the introduction of USDT. The network’s ability to process massive transaction volumes efficiently, coupled with extremely low gas fees, makes it an attractive platform for both developers and users. The integration is expected to enhance the appeal of the Aptos ecosystem, particularly for those seeking reliable and cost-effective financial tools. APT Price Surge and Market Reactions Following Tether’s announcement, AMEX:APT , the native token of the Aptos network, saw a 3% increase, hitting a high of $6 before facing resistance at this psychological level. The token’s trading volume also spiked by 51% within 24 hours, indicating a surge in interest from traders and investors. This price action reflects the market’s optimism about the potential impact of USDT’s integration on Aptos’ overall ecosystem. Industry analysts have noted that the successful integration of USDT could serve as a catalyst for further growth within the Aptos network ( AMEX:APT ). With the total value locked (TVL) in Aptos reaching nearly $400 million, there is speculation that APT’s price could climb even higher, particularly if it breaks through the $6 resistance level. Some traders are drawing parallels with Toncoin, which experienced a significant price rally following its integration with USDT. Implications for the Future of Aptos and Tether The collaboration between Tether and Aptos represents a significant milestone for both entities. For Tether, the expansion onto Aptos allows it to tap into a rapidly growing blockchain network with a strong developer community and robust technical capabilities. For Aptos, the integration of USDT adds a layer of stability and reliability, making the platform more attractive for a wider range of use cases, from microtransactions to large-scale enterprise operations. Mo Shaikh, CEO of Aptos Labs, highlighted the importance of the collaboration, stating, “This collaboration will leverage Aptos’ capability to process massive volumes and rapidly grow its user base. As a member of the Aptos community, I’m looking forward to seeing builders across Aptos’ hefty ecosystem combine strengths with Tether and leverage Move on Aptos to push the boundaries of what blockchain technology can achieve for users globally.” In conclusion, the launch of USDT on Aptos ( AMEX:APT ) is more than just another integration; it is a strategic move that could reshape the dynamics of both platforms. With the potential to drive significant growth and innovation within the Aptos ecosystem, all eyes will be on how this collaboration unfolds in the coming months.
COINBASE:APTUSDLong
by DEXWireNews
3
Aug 17Overview: The cryptocurrency market is currently in a cautious phase. Weekends typically see minimal price swings, though Sunday evenings can bring volatility. Declining open interest suggests a lack of confidence, with traders closing positions and exiting the market. The August 5th liquidations also pushed remaining traders to leave, further reducing market participation. This environment points to continued consolidation, with potential for volatility as the weekend ends. Looking back at BTC’s weekend price action, similar patterns emerge: a crash, a small rebound, approaching the Bollinger Bands moving average (BB MA), and then continued decline. Bearish scenarios include January 15-16, 2022; June 5-6, 2022; and more recently, June 29-30, 2024. A bullish argument is found in May 11-12, 2024, when Saturday and Sunday marked the end of the first bull wave and the start of the second in 2024. However, that was 33 days after the downturn began, while we are currently at day 20. This past week may have been the calm before the storm. Alts Relative to BTC: No divergences. Bull Case: Everyone who wanted to sell has likely sold. Now we wait for an event to trigger a buying spree that could draw a 4th wave on the CRYPTOCAP:BTC chart. Bear Case: No bulls come to the rescue, and the market drops further. Fear and Greed Index: 44.9, rising over the last two days, but given the weekend, it may not carry much weight. W: Range trading, no divergences. D: Reached BB MA and is touching it at $59.9k. 4h: Approached $60.2k for the second time but couldn’t break that daily level. We’re also at the top of the Bollinger Bands range, which is relevant for those trading sideways movements. No divergence. 1h: No divergences, but there’s a bullish inverted head and shoulders pattern. Prediction: Most likely move down significantly, or range trade, then decline. Opportunities: CRYPTOCAP:SOL : Attempting to break the weekly resistance level. NYSE:SUI : Bounced from support and is now trending upward. NYSE:AR and CRYPTOCAP_OLD:RNDR : Sitting on the weekly level; their next move will be quick, so choose your side. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
5
Aug 16Overview: The TradFi week is over, and the VANTAGE:SP500 is now just 1.86% away from its all-time high, nearly recovering from the impact of Japan's rate increase. However, CRYPTOCAP:BTC hasn't experienced the same positive price action. It seems big money is feeling more confident in U.S. blue chips than in speculative assets like Bitcoin. So, who will push BTC to $100k? Maybe not this time. Last week, we saw a crash followed by a recovery, but this week the market remained stagnant. It seems to have found a range between $55.9k and $63.1k and might bounce within this range a few more times. Alts Relative to BTC: On August 16th, CRYPTOCAP:BTC grew by 1.70%, but CRYPTOCAP:ETH only by 0.83%, while CRYPTOCAP:SOL dropped by 2.45%, AMEX:NEAR by 1.32%, AMEX:APT by 5.10%, and UPCOM:FTM by 4.59%. As of now, CRYPTOCAP:BTC has continued to grow, but alts haven't recovered at all. It appears that both whales and retail investors (but mostly whales) don't have much faith in an altcoin summer, which also puts CRYPTOCAP:BTC on shaky ground. Bull Case: We're still trading within a range and haven't touched the $63.1k resistance for a second time. The VANTAGE:SP500 continues to grow along with the economy, with expectations of four rate cuts ahead. Bear Case: But with September approaching, some big players will re-enter the market. Historically, September has often seen more stock market declines than gains. Fear and Greed Index: 43.62, slightly higher. W: Range trading. D: Neutral, no divergences. 4h: Even though we've recovered to the highs of August 15th, volume is weak, and we haven't broken through $59.7k. 1h: Divergence. We've hit this resistance for the third time. Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
Aug 15Overview: Lord Jerome reported 227,000 jobless claims, slightly below the expected 234,000. Additionally, almost all other macroeconomic data points to a growing and improving economy. July U.S. retail sales were three times higher than anticipated, coming in at 1% versus the expected 0.3%, suggesting strengthening consumer confidence, which has risen above 0.7% for the first time since January 2023. Auto sales are also up. Are these newly unemployed Americans spending their savings? Unemployment has been rising since January 2023 and now sits at 4.3%. The chances of a recession are decreasing, and CRYPTOCAP:BTC is rising. Interest rate cuts are a tool for quantitative easing, typically applied when the economy isn’t growing and needs an injection of liquidity (M2 money supply). But if the economy is healthy, with spending on the rise and government spending contributing to GDP growth, rate cuts might not be the solution. Now, think critically—if everything is relatively good (maybe not great yet), the economy is somewhat healthy, and the S&P 500 has been rallying since October 2023—why would you sharply cut rates? Perhaps two or three cuts by the end of the year, reducing rates by a total of 0.75%, at most. For those expecting such a small rate change (a 13% decrease by the end of the year) to have a significant impact, they might be in for a rude awakening. Alts Relative to BTC: If CRYPTOCAP:BTC dropped by 1.92%, CRYPTOCAP:ETH declined by 3.34%. No significant divergence, except for NYSE:AR , which posted a thin green candle. Bull Case: All bears die. Bear Case: All bears don’t perish but remain very much alive. Fear and Greed Index: Lower, at 40.61%. Dangerously close to Fear territory. W: Forming another lone star/abandoned child-type candle. Where do you want to go next, Mr. Bear Market? D: August 15th ended in red, closing below the daily level of $58.2k. Bearish. On the 14th, we touched the BB MA and are now heading toward $52.2k. 4h: No new divergences—just the old ones still playing out. On both August 14th at 8 a.m. and the 15th at noon, U.S. bears woke up and decided, “Nah, crypto ain’t sh*t.” Red candles followed. The last four green candles showed diminishing volume, not reaching the BB MA. Leave a comment if you know what that means—unless you’re a whale, in which case, just do your thing. 1h: No divergences. The sell-off ended at 4:00 p.m. U.S. time, almost touching the freshly established weekly level of $55.9k set at the beginning of July. Prediction: In the next two weeks, the bottom falls out. When September arrives, big whales will return from vacation and send the market crashing down, with rate cuts providing little relief. Opportunities: CRYPTOCAP:SOL : Still at weekly resistance level. But keep in mind, it approached this level from the top, not the bottom. Although it has garnered a lot of attention this bull market, it doesn’t follow normal technical analysis rules. AMEX:APT : As noted yesterday, starting at midnight, it began its descent, printing a nice -6.24%. Did you catch that? Follow for daily updates. First 100 followers receive free market analysis and signals subscription.
COINBASE:BTCUSD
by EvgenCapital
1
APT Technical Analysis in a 3-Day TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: APT is in a downtrend with strong support at the $4.4 trendline. The price is currently facing resistance at the 21 EMA, and if it closes above this level, we can expect a bullish rally toward $15-$18. If APT faces rejection, the $4.4 support level should still hold the price. The RSI has formed a bullish divergence and is acting accordingly. Key levels: - Primary Resistance: $6.8 - Support: $4.4 - Target: $15-$18 DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
#Aptos #APT price will repeat the #SUI maneuver?Today, we are talking about #Aptos, which is the counterpart to #Sui which we analyzed yesterday Both projects are followers of the #Diem project from #META, which regulators did not allow making a breakthrough in the crypto world a few years ago. While OKX:SUIUSDT price has already reached a powerful mirror zone yesterday, OKX:APTUSDT seems to have everything ahead of it. When #APT price will be $7.50-8, you may wonder whether it is worth keeping the coin in your crypto portfolio. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
This Aptos Setup Could Trigger a Massive Move – Are You Ready?Yello! Is #Aptos ( AMEX:APT ) gearing up for a breakout, or are we staring at a looming drop? Let's look at the latest analysis of APTUSDT: 💎The current setup has APT compressed within a classic falling wedge pattern—a well-known bullish reversal signal. But why do we believe a breakout might be imminent? The signs are clear: increasing trading volume and a favorable shift in macro market sentiment. 💎Yet, trading isn't just about expectations—it's about preparation. So, what's our Plan B? If Aptos faces rejection at the upper trend line of the wedge, we could see a retest of the critical support zone around $4.87-$5.31. This level has consistently acted as a safety net, rich in liquidity and offering solid support. 💎But what if APT fails to bounce back from this zone? The next level we’re watching is $4.31. Historically, this has been a stronghold for Aptos, with a high probability of a rebound. 💎However, the stakes are high. If Aptos breaks below these key support levels, we might see the bears seize control, leading to a potential bearish continuation. Stay focused, patient, disciplined, and always keep your eyes on the prize MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
4
APT - Third bounce from the support, another opportunity ?BINANCE:APTUSDT (1W CHART) Technical Analysis Update ATP is currently trading at $7.00 and price has hit the support for the third time, in the past two times whenever price hit the support line it bounced back immediately while giving a decent return on the long trades. I'm expecting similar behaviour this time. Currently price is around the support zone which is giving us a good opportunity to enter the trade early, if the price drop again, we can do DCA. Entry level: $ 6.0-7.0 Stop Loss Level: $ 4.29 TakeProfit 1: $ 8.06 TakeProfit 2: $ 10.05 TakeProfit 3: $ 12.18 TakeProfit 4: $ 15.21 TakeProfit 5: $ 19.40 Target for Spot Entry: 30 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades