APT/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at will continue.

Caution: A possible change in the direction of resistance at 0.614 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 0.569 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.614 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ chart pattern is discovered. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.614 – 0.687 – 0.678 – 0.569 – 0.571 – 0.588 —
0.604000000 – 0.607000000 —
53.04495611353 – 53.358688547885 —
– —
0.614 – 1782489600

Trading Signals: CRYPTO – APT – APT/USDT – USDT – Matching Low – – –