APT/USDT – 30M – SELL

The pair Aptos/Tether (APT/USDT) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 0.971 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 1.015 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.982128 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.015 could happen.
Consider stop-loss settings accordingly.

Then a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.015 – 1.007 – 1.021 – 0.971 – 0.987 – 1.003 —
0.998000000 – 1.002000000 —
58.384864299922 – 62.603596014603 —
– —
1.015 – 1777757400

Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Outside Down – – –