Pair : APTUSD ( Aptos / U.S Dollar )
Description :
Consolidation Phase
Completed " ABC " Corrective Wave
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line
Break of Structure
RSI - Divergence
Impulse Correction
The price has hit the daily support again and trading inside that support zone. This make a long trade favorable here. The short term target should be the daily resistance 1 zone sitting above and mid term target should be the weekly resistance 1 zone.
The price is currently trading above 4h support 4HS1 as marked on the chart. It is likely that the price will hit this support and bounce from there. A long will be favorable from there for a target towards 11.89. If this support is lost, the price shall hit next 4h support 4HS2 and another long can be attempted from there with a target towards 11.63 area.
The price has hit the daily support as expected in our previous post. This also explains the initial bounce. However it seems price may dip below the support although briefly if not for a long duration. Therefore, I think a bit of patience will be desired before taking a long from this support. If the price reaches 10.14, a long would be more favorable.
The price fell below the daily resistance and now tested it a couple of times from below and got rejected. Currently the price is at 4h support and may again aim for the resistance zone up. However, that could be a risky long so if taken, shall be with very tight invalidation. A better long would be if the price reaches daily support zone. That would definitely...
The price has broken up the 4h resistance and revisiting the region now marked as 4h support region. The price shall have a bounce he at least to 11.25 level.
The price finally came to the daily support. The price bounced well from this support. Let us target first 13.0 level as shown in path L1. We then see how S2 and L3 goes after reevaluating it.
The price hit the daily support as expected in the last post and had a good bounce from the support zone. Now it has hit the 4h as well as daily resistance zone. This will push the price back to down. Let us target first the marked 4h support level around 13.20. We will reevaluate it after that.
