The combination Aptos/Tether (APT/USDT) moves from the ascending trendline down.
A bearish descent downwards to the next support level at 0.965 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.021 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.961 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.021 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.048 |
| 2nd High | 1.023 |
| Next High | 1.021 |
| Current Price | 0.964000000 |
| Next Low | 0.965 |
| 2nd Low | 0.961 |
| 3rd Low | 0.947 |
1.021 – 1.002 – 1.015 – 0.965 – 0.961 – 0.976 —
0.984000000 – 0.981000000 —
50.617483131361 – 44.521700178937 —
– —
1.021 – 1777867200
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Black Crows – – –