The stock has been in a constant uptrend the past few weeks and similar to other coins like STORJ, UNI etc, the stock has potential to retrace to the 3.618 FIB level which puts it at roughly $2.7.
$1.8 the 1.618 FIB is a decent entry and if it drops below $1.62, run for the hills :)
Goodluck out there and lets make some $$$$
API3/USDT five time didnt breakt Resistance Zone now its going to see one more time if he can break but i dont thinks and this time coin cant break this resistance zone we are waiting to see next move
Comment Below what do you think
Signal
red -> green
context Blue
API3, API3USD, API3USDT, API3USDTP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
Reasons to take short
⭐️ Bearish BTC
⭐️ Formation is seen on multiple timeframes
⭐️ Formation 6d old
⭐️ We are almost in the end of formation
⭐️ Volume at top
⭐️ 4th touch
⭐️ Range is getting smaller
⭐️ 7th touch
⭐️ 50 ATR
Will enter when price squeezes to the level on 5m timeframe, the base will form and the strip will get faster.
If you don't understand the...
Price is rising while the O.I is dropping. Which means the recent rally was mostly short-covering/liquidation hunt.
Take profit is around 4.82. If the price closes above 5.7 with an Open interest of 2M or higher, I'll close my position.
Simply put $API3 Looks Bullish asf on the daily & 3day time frame.
One of the most bullish charts I've seen this week and there's no stopping it!
Get past $6.5 it's going to $9.8-$10.. possibly even $11.
Just Remember don't fomo and always take profit!
• For recent area (Area 1), chart will face one major level (T1) at around 4.8
• Once 4 hrs. candle body to be closed inside area 5 or 6, we have tow major levels T2=6.1 and T3=7.
• Again, for area 7, after 4 hrs. candle body to be closed inside it, our major levels will be T3=8.5 and T4=9.7
There is a clear cup and handle formation that formed on $API3. Bouncing from the 0.618 Fibonacci level, it has bounced over 20%.
We have missed the opportunity to enter this trade but for those who are looking to scalp here is the signal:
Leverage: 10x - 20x - 25x
Entry: 5.9 - 5.97
Target: 6.1 - 6.3 - 6.5 - 7.0 -7.5
SL: 5.2
There is a clear cup and handle formation that formed on $API3. Bouncing from the 0.618 Fibonacci level, it has bounced over 20%.
We have missed the opportunity to enter this trade but for those who are looking to scalp here is the signal:
Leverage: 10x - 20x - 25x
Entry: 5.9 - 5.97
Target: 6.1 - 6.3 - 6.5 - 7.0 -7.5
SL: 5.2
Api3 painting its rounding bottom. Pumped and forming another handle and might be run towards 8$ within this week.
Fundamentally biased since i personally believe web3 is really the future, but previous APi3 Funding shows that im not the only one who is bullish on web3.
My Target would be 8$, might run higher with 4.7 stop loss.
Not a financial advise.
From the current price API3 is 137% away from our next price target @ $12.77. From the Buy Zone, we can expect API3 to retest the previous ATH @ $10.45..it is vital for API3 to flip the previous ATH into strong support for the next leg up to the 127.20% ($10.45) & 161.80% ($15.73) fibs target which is 193% gain away from the current price in the re-entry Buy Zone....
