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API3 / TetherUS PERPETUAL CONTRACT

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API3USDT.P trade ideas

API3/USDT - API3: Trend_Reversal◳◱ An intriguing development has unfolded on the CRYPTOCAP:API3 / CRYPTOCAP:USDT chart as we've identified a compelling Trend Reversal. This shift in price dynamics indicates a noteworthy potential trend change. It's crucial for us to pay attention to the next resistance levels located at 1.17 | 1.263 | 1.446 and the significant support levels found at 0.987 | 0.897 | 0.714. Taking these factors into consideration, it may be prudent to contemplate entering a buy position at the current price of 1.109, allowing us to take advantage of the projected trend continuation. Let's keep a watchful eye on this exciting opportunity and stay proactive in our trading strategies. ◰◲ General info : ▣ Name: API3 ▣ Rank: 246 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Services - Data Management ▣ Overview: API3 is a collaborative project to deliver traditional API services to smart contract platforms in a decentralized and trust-minimized way. It is governed by a decentralized autonomous organization (DAO), namely the API3 DAO. Therefore, API3's code is open source and its operations are transparent. ◰◲ Technical Metrics : ▣ Mrkt Price: 1.109 ₮ ▣ 24HVol: 2,760,362.841 ₮ ▣ 24H Chng: 4.131% ▣ 7-Days Chng: -3.13% ▣ 1-Month Chng: 12.31% ▣ 3-Months Chng: -23.45% ◲◰ Pivot Points - Levels : ◥ Resistance: 1.17 | 1.263 | 1.446 ◢ Support: 0.987 | 0.897 | 0.714 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.89 ▣ Last 90D: -1.65 ▣ Last 1-Y: -0.30 ▣ Last 3-Y: 0.68 ◲◰ Volatility : ▣ Last 30D: 0.74 ▣ Last 90D: 0.73 ▣ Last 1-Y: 0.89 ▣ Last 3-Y: 1.54 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.73 - Bullish ▣ In-depth API3USDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
Extreme Bulls in Api3Hello Traders! Welcome back to another trade with analyst Aadil1000x. Today we are buying Api3 from this position as it is the final bullish formation before a pump. There is a Channel breakout and after that, there is a reversal pattern which means the market will pump soon. This reversal pattern is going to be the bottom of this huge pump. I am expecting at least a 75% rise in this bullish run. For safety traders can use 10-15% stoploss with maximum of 5x leverage. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
1
Pinpointing Support and Resistance Zones for TradersLet's take a look at API3 It is currently trading at $1.992, and the 4-hour timeframe is what we'll be analyzing here. There are a number of indicators to consider, so let's dive in and see what they're telling us. First up, we have the Relative Strength Index (RSI) which is currently sitting at 83. This suggests that API3 is overbought at the moment, which could mean that there's a potential for a price correction in the near future. However, that's not the only thing to consider here. We also have the Fibonacci retracement levels to think about. The 0 Fibonacci level on the 4-hour timeframe is at 1.350, the 0.5 Fibonacci level is at 1.466, and the 1 Fibonacci level is at 1.580. Currently, API3 is trading above all these levels, which indicates a bullish sentiment. However, it also means that there may be resistance ahead if the price continues to rise toward these levels. Next up, we have the Bollinger Bands. These bands consist of three lines: the upper, middle, and lower bands. At the moment, the upper band is at 2, the lower band is at 1.160, and the middle band is at 1.590. API3 is currently trading above the middle band, which is a good sign for bullish sentiment. However, if the price continues to rise and hits the upper band, it may indicate an overbought situation and could lead to a price correction. Let's move on to the volume oscillator, which is currently at 43%. This indicates that there's moderate trading activity in API3 right now. So, while there may not be a ton of movement, there's still some activity to be aware of. The Moving Average Convergence Divergence (MACD) is also worth looking at here. It's currently sitting at 0.138, which suggests that the bullish momentum is still present in API3. The Stochastic Oscillators are currently at 73, indicating that API3 is overbought at the moment. This is something to keep in mind as it could mean that there's a potential for a price correction in the near future. Finally, we have the 4-hour EMA 50, which is currently at 1.525. This is a good sign for bullish sentiment, as the current price of API3 is trading above the EMA. It suggests that the asset is currently in an uptrend. So, what can we take away from all of this? Overall, it seems that API3 is experiencing some bullish momentum at the moment. However, the RSI, Fibonacci retracement levels, Stochastic Oscillators, and Bollinger Bands all indicate that the asset is overbought and may experience a price correction in the near future. Traders and investors should pay close attention to these indicators and monitor the price action around them to identify potential support and resistance levels.
by MonoCoinSignal
2