The combination Aptos/Tether (APT/USDT) moves from the ascending trendline down.
A bearish descent down to the next support at 0.951 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.985 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.935396 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 0.985 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.026 |
| 2nd High | 1.025 |
| Next High | 0.985 |
| Current Price | 0.963000000 |
| Next Low | 0.951 |
| 2nd Low | 0.938 |
| 3rd Low | 0.911 |
0.985 – 0.966 – 0.962 – 0.951 – 0.938 – 0.911 —
0.968000000 – 0.973000000 —
50.445162220394 – 55.497325057397 —
– —
0.985 – 1773084600
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Outside Down – – –