API3 formed a nice symmetrical triangle and successfully breakout two days ago. API3 currently testing the support line and I hope for a successful bounce. If that happens I want the price to exceed the previous high to be completely sure in this trade. Price target from this breakout is at around 15,80$. Let's see if that will happen
API3 is about to complete its movement inside this large wedge that we have painted since early February.
We are likely to continue up before any meaningful resistance is met which currently stands at around $11.5. Will the wedge break up or will we crash down below support?
Bitcoin would indicate we will have some more bearish days ahead (BTC idea below), but...
I have been watching for this project for a long time and recommended taking a closer look at when API3's price was near $2 ().
They have a lot of new, important strategic partnerships, product development detailing, a promising company. It is already present at Uniswap, Huobi, Kucoin, Okex, Poloniex, and many other platforms. The next important step is listing...
API3 has dropped 54% and we went in the golden pocket between Fib 61% and 65%. This is usually a good buy area during a correction and especially in a bull market.
What is more important is that just under we also have an ascending support line. This confirms that this drop has arrived towards its end. Moreover, the yellow parabola also shows we have reached the...
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...
