APT/USDT – 4H – SELL

The currency pair Aptos/Tether (APT/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 0.865 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.037 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Bearish Engulfing’ chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

1.037 – 1.112 – 0.909 – 0.865 – 0.798 – 0.838 —
1.024000000 – 0.937000000 —
55.777795945552 – 38.750179422835 —
– —
1.037 – 1772553600

Trading Signals: CRYPTO – APT – APT/USDT – USDT – Bearish Engulfing – – –