API3 has done a fantastic rally, however now we are in a corrective move towards $3. We have some support at $4.5, however I do not expect this to hold.
Therefore we may get a nice change to re-load at 3$ or just above previous ATH.
Daily indicators are looking bearish and we just had a negative cross on MACD. Daily RSI also formed an inverted head an shoulder and is falling. We have a long way down, let's see how low we fall, would be surprised to go under $3 though as API3 has been a very strong performer so buy interest should remain high.
Until then a possible path is on the chart. Ideal buy area is between $3.5 and $3. Buy orders in that zone should have a good chance to fill once we fall under $4.
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Therefore we may get a nice change to re-load at 3$ or just above previous ATH.
Daily indicators are looking bearish and we just had a negative cross on MACD. Daily RSI also formed an inverted head an shoulder and is falling. We have a long way down, let's see how low we fall, would be surprised to go under $3 though as API3 has been a very strong performer so buy interest should remain high.
Until then a possible path is on the chart. Ideal buy area is between $3.5 and $3. Buy orders in that zone should have a good chance to fill once we fall under $4.
Like and follow if you liked this idea!
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🔹 Trading ideas, crypto trends & alpha
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🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.