API3 LONG TRADE 20220618Signal
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.
API3USDT.P trade ideas
API3 - Beatiful short setupReasons 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 previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
API3USDT BUTTERFLYButterfly
The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
API3/USD - Next Resistance at $2.3 & $3.3 😎API3 has reached a local bottom and a relief rally is in order.
The current support at $1.2 meets at the intersection of two key levels, first the trendline since API3 was released as well as a perfect 1:1 extension from the previous top.
The key levels to watch as the price moves higher are at $2.3 and $3.3.
A price above $3.3 seems unlikely unless BTC somehow manages to push above $40k.
Bias is bullish short term, but I would not expect more than $3.3 in the current market.
Keep an eye on this.
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API3/USDT MAJOR TRENDING/DESCENDING LINES AREA AND MAJOR LEVELS• 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
$API3/USDT 12h (#BinanceFutures) Descending trendline breakoutApplication Programming Interface 3 is holding above 50MA support and looks ready for a sharp recovery, let's bid!
Current Price= 5.624
Buy Entry = 5.505 - 5.257
Take Profit= 6.127 | 6.756 | 7.295
Stop Loss= 4.782
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.2
Expected Profit= +27.72% | +51.10% | +71.14%
Possible Loss= -22.26%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1-2 months
Tags: #API3 #API3USDT #API #Oracle #Web3 #PoS #Staking #DAO #Governance #DeFi
Website: api3.org
Contract:
#ERC20 0x0b38210ea11411557c13457D4dA7dC6ea731B88a
$API3USDTPERP Cup & Handle Swing/Scalp Long Set Up 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