Besides a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.
The combination Aptos/Tether (APT/USDT) moves from the bullish trendline down.
A descent down to the next support line at 0.865 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.98 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.888148 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.98 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.112 |
| 2nd High | 1.026 |
| Next High | 0.98 |
| Current Price | 0.949000000 |
| Next Low | 0.865 |
| 2nd Low | 0.819 |
| 3rd Low | 0.8 |
0.98 – 0.944 – 1.026 – 0.865 – 0.919 – 0.951 —
0.963000000 – 0.967000000 —
58.226540805819 – 61.479196238946 —
– —
0.98 – 1772330400
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –