APT/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.676 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ candle pattern is detected. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.676 – 0.693 – 0.694 – 0.64 – 0.638 – 0.654 —
0.664000000 – 0.664000000 —
47.960217395494 – 49.815344091623 —
– —
0.676 – 1781006400

Trading Signals: CRYPTO – APT – APT/USDT – USDT – Bearish Engulfing – – –