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API3 USD Perpetual

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API3USD.P trade ideas

API3 - Will it retrace ?#API3/USDT #Analysis Description --------------------------------------------------------------- + Price had significant retracement from 4.8 to 1.08 with -76% crash from recent high + it is trading around the local support zone and we are seeing significant retrace from the crash. + If this support holds then we can expect a sharp bounce back from the support zone. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 1.415620298 Stop Loss: 1.009165284 ------------------------------ Target 1: 1.7841 Target 2: 2.3682 Target 3: 3.3682 Target 4: 4.9078 Target 5: 9.1698 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
CRYPTO:API3USDLong
by VectorAlgo
1
LINK VS API3: The Cold War of the Decentralized OraclesInsights on the Oracle Arena: A Comparative Analysis of First-Party vs. Third-Party Oracles In the rapidly evolving world of decentralized finance, a silent but significant battle has been unfolding, reminiscent of the historic cold war but within the digital realm of cryptocurrency. This confrontation pits the innovative First Party Oracle, API3, traded as BINANCE:API3USD , against the established Third Party Oracle, Chainlink, known in the markets as $BINANCE:LINKUSD. The dynamics between these two are not just a simple competition; they represent a fundamental ideological divide in how decentralized services should operate, akin to the Bitcoin vs. USD debate that questions the very fabric of financial sovereignty. Currently, API3 demonstrates a bullish trend that transcends mere market excitement. With its groundbreaking Oracle Extractable Value (OEV) launch, API3 isn't just challenging Chainlink; it's positioning itself as a potential disruptor capable of reshaping the oracle landscape in the cryptoverse. This scenario suggests we are witnessing a pivotal moment in a prolonged cold war of decentralized data oracles, a conflict that has simmered for over two years. The potential outcomes are stark: either Chainlink adapts by overhauling its service delivery towards a First Party model, or API3 continues to erode its market share, acting as a persistent threat to its business model. My stance remains bullish on API3 for the long term, leveraging strategic trades to secure profits amidst this tumultuous landscape. For instance, a recent sale of API3 at $4.6 yielded a 10% profit, with a targeted re-entry point at $4.15, complemented by a diversified hedge in BINANCE:ZRXUSD and BINANCE:MANAUSD —a strategy I plan to elaborate on in future discussions. Trade Strategy Overview - Current Analysis : The chart for BINANCE:API3USD exhibits strong bullish indicators. - Technical Observation : A bullish divergence has been noted on the 4-hour chart, signaling potential for upward momentum. - Entry Strategy : Initiating a long position at $4.10. Short-Term Investment Target (1 Month) 1. Price Target : Aim for a return to $6.17, which would represent a 50% increase, or a $2.07 gain per unit. 2. Investment Volume : With an opening position of $28,700, equivalent to 7,000 units of API3, the strategy is poised for significant returns. 3. Risk-Reward Evaluation : The trade maintains a favorable risk-reward ratio of 3:1, underscoring its potential profitability. Key Technical Indicators 1. MACD Analysis : The setup anticipates a bullish divergence in the MACD, in tandem with a cross of the 12 and 26 Moving Averages (MAs) indicating a bullish momentum. 2. Market Dynamics : Recent price retractions have diminished selling pressure, establishing a solid support level that suggests a strong floor price. 3. Momentum Indicators : The MACD oscillator's diminishing red bars highlight a reduction in bearish momentum, a critical observation I've detailed on the chart with specific annotations.
COINBASE:API3USDLong
by Keala1
1
LONG $BINANCE:API3USD The Cold War of the Decentralized Oracles Thoughts: I'm keeping this very brief... The current state of BINANCE:API3USD is very bullish. Aside from the hyped news around this asset (Launching Oracle Extractable Value OEV), this underdog BINANCE:LINKUSD killer is a disrupter to all Oracles in the Cryptoverse. Folks, I believe we have been witnessing a cold war of the decentralized data oracles for over 2 years now... And soon the battle will be over -- The way I see it is that Chainlink conceeds and restructures their entire deliverable and converts to First Party, or API3 continues to be a virus to their business model. First Party Oracle ( BINANCE:API3USD ) v. Third Party Oracle ( BINANCE:LINKUSD ), akin to the cold war of decentralized currency - Think BTC & USD. Trade Setup: 1. This current chart BINANCE:API3USD is extremely bullish. 2. Bullish divergence has appeared on the 4HR chart. 3. 4HR chart LONG at $4.10 Short Term Target (1M): 1. $6.17, +$2.07, +50% 2. Open Postion: $28,700 (7K API3) 3. Risk Reward Ratio: 3/1 1. In particular we are looking for MACD bullish divergence to play out in combination with the 12 & 26 MA bull cross. 2. Short term price has pulled back and lost selling pressure to the downside and has formed a floor. 3. MACD reflects the negative bearish momentum to the downside and you can witness this by looking at the shortening of the red bar lines on the MACD oscillator (I indicated this on the chart with arrows). It is important to note that although I will always be long term bull in this asset, I trade it from time to time. I sold API3 at $4.6, and this is my re-entry point. I hedged this sale by diversifying the total invested capital in BINANCE:ZRXUSD & BINANCE:MANAUSD (I will get into this in a later post).
COINBASE:API3USDLong
by Keala1
6
✴️ API3 Massive 70% Bullish Breakout |Altcoins Bullish ConfirmedAPI3 recovers exactly three months of correction in a single day; patience is key. This is what is coming to the Altcoins market, all Altcoins are set to grow and this is only the beginning. API3 (API3USD) Notice the exact same pattern as the other pairs: 1) Initial bullish breakout January 2023. 2) Long-term correction after the bullish wave. 3) Major low 10-June with some variations. 11-June in this case while others went into July as well. 4) A new bullish wave. All the pairs you see that hit a strong low mid-June, are set to grow and this is basically the entire market, what one does, the rest follows. Namaste.
CRYPTO:API3USDLong
by MasterAnanda
3
API3 USD - 15 minute chart watching for bottom of next wave. Even if the whole market is falling we should get these nice little bounce waves. Unless some major policy has come about. This is an interesting actor. These are the players that replace us in a different dimension of time and space. Dimensions we create. I can see eventually everything being "issued" on the ledger. Off ledger activity. Hard coin for locals. Custom mint. NFT notes. NFT coin. home print satoshi with value wallet in the barcode.
COINBASE:API3USD
by mindfree
API3 USD - 15 minute chart waiting for buy zone - Steady Systemi had never heard of this, i just saw it one day pumping on Coinbase and i bought and sold quickly and made a few hundred. I have said before. Outside all of my other work, i love making my grocery money for the day, even my sopping money. This stock rocks almost too nicely. I did not clean up this chart. i just wanted to post it to watch chart interaction as i change these day trade charts more than others. So i will now take a deeper dive into this API3 see what it has to offer, maybe time to move it into the chest. Here I am showing my next buy and sell zones. I sold 3/4 of what i had yesterday, i was waiting at 7.40 zone. it broke through, with a delayed bounce. I with held and am still waiting for a below 7 buy. If it takes off id readjust and add to my remaining which gives me a little drag to catch up.
COINBASE:API3USD
by mindfree
API3 - Still Bullish?API3 / USD - Still Bullish after making fantastic returns in last 2 weeks. A retrace is always imminent after a new ATH. Wait for bullish signals to appear around the highlighted region and going Long there, is not a bad concept. Usefulness of API3 | The Web3 API Economy API3 is an Ethereum token that is used to fuel the API3 project, which attempts to connect traditional APIs to the blockchain environment. The API3 token is used to control the API3 DAO (decentralized autonomous organization) and to vote on project enhancements. The next-generation technique for accessing off-chain data is first-party oracles. API3 is driving the transition away from outdated third-party Oracle networks and toward first-party Oracle solutions that provide greater security, efficiency, and data-source transparency.
GEMINI:API3USD
by FroggyFX