The combination Aptos/Tether (APT/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support at 0.935 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.955 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.004 |
| 2nd High | 0.975 |
| Next High | 0.955 |
| Current Price | 0.922000000 |
| Next Low | 0.935 |
| 2nd Low | 0.888 |
| 3rd Low | 0.877 |
0.955 – 0.951 – 0.949 – 0.935 – 0.935 – 0.888 —
0.942000000 – 0.931000000 —
47.805031562226 – 39.166330095207 —
– —
0.955 – 1780201800
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Two Crows – – –