Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The combination Aptos/Tether (APT/USDT) moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 0.591 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.633 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.651 |
| 2nd High | 0.648 |
| Next High | 0.633 |
| Current Price | 0.615000000 |
| Next Low | 0.591 |
| 2nd Low | 0.578 |
| 3rd Low | 0.559 |
0.633 – 0.628 – 0.648 – 0.591 – 0.604 – 0.611 —
0.617000000 – 0.624000000 —
58.367311589595 – 64.691286603651 —
– —
0.633 – 1784120400
Trading Signals: CRYPTO – APT – APT/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –