In addition a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The chart picture shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The combination Aptos/Tether (APT/USDT) goes from the bullish trendline downwards
A descending movement down to the next support at 0.971 is certain.
Caution: A possible change in the direction of the resistance zone at 1.015 could occur.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.048 |
| 2nd High | 1.021 |
| Next High | 1.015 |
| Current Price | 0.986000000 |
| Next Low | 0.971 |
| 2nd Low | 0.947 |
| 3rd Low | 0.94 |
1.015 – 1.021 – 1.048 – 0.971 – 0.987 – 0.981 —
0.993000000 – 0.997000000 —
51.572970861072 – 45.762042117729 —
– —
1.015 – 1777755600
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –