APT/USDT – 4H – SELL

The pair Aptos/Tether (APT/USDT) jumps from the ascending trendline down.

A descending movement down to the next support line at 0.959000000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 1.048 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Last Engulfing Top’ candlestick pattern is found. The chart forms ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

1.021 – 1.048 – 1.002 – 0.959000000 – 0.947 – 0.94 —
0.976000000 – 1.026000000 —
44.319457096391 – 60.202228616574 —
0.959000000 – 1777939200 —
1.021 – 1777867200

Trading Signals: CRYPTO – APT – APT/USDT – USDT – Last Engulfing Top – – –