API3USDT trade ideas
API3: Trend Continuation Analysis with TargetsAPI3 appearing to find support on well correlated uptrend.
Anticipating support at -2 standard deviations (SD) below regression trend mean to hold.
Watching for either a mean reversion, break above, and retest for bullish confirmation or break below -2 SD for exit.
Analysis:
Price
Currently price action is ranging between $4.75 resistance corresponding well the POC for volume profile (blue line), and $3.99 support level just above Fib 23.6% retracement pulled from ATH to local low. Pink dashed lines on chart are areas of significant support/resistance as determined through analysis of multiple fibonacci pulls or simple S/R identification.
RSI
RSI currently sitting at neutral level of 51 needs to stay above 38, ideally looking for a cross and close above 55 in the next day or two for confirmation for bullish continuation.
ADX/DI
Increasing bullish trend though weakening slightly
MACD
MACD still in bullish territory above zero line. Though it appears to be nose-diving with a trajectory towards a zero-line cross, price action appears to be diverging from this move downward and MACD is starting to curl up.
The trade:
Entry: $4.17
TP1: $6.00
TP2: $7:00
Stop (Mental w/ alerts): $3.779
RR: 4.7
An ascending triangle has been drawn using the -2 SD of linear regression trend and the POC of volume profile/resistance.
Watching for bullish breakout of this triangle.
If PA breaks down out of the triangle I will be watching for support at stop-loss area at $3.779.
This stop will be a mental stop-loss with alerts as I will want to see a Daily candle close below this before exiting trade to avoid getting whipsawed.
If price closes below stop, trade will be exited and will reevaluate entry watching for support from identified areas (dashed pink lines).
-Spreck
Turtle Formation They're heroes in a halfshell, and they're green.
When the evil shredder attacks, these turtle boys don't cut 'im no slack.
LINKies are cool but rude
API3 is a PARTY DUDE!!! TURTLE POWER.
With staking launched and a break out of the long turtle shell of death, I see good things coming. There is a big overhead volume node at 3.85 but breaking that it will zoom pretty fast to mid $4.
API3 upwards trajectoryIt looks to me like there is a good solid trend line API3 keeps bouncing off of as sturdy support with upwards momentum.
I like it. I think it's a good investment and now's the time to buy the dip.
I should thank Bitcoin-Fund-Manager, who you can find on YouTube and Twitter, for making me aware of it.
API3/USD - Ascending wedge about to break!API3 is about to complete its movement inside this large wedge that we have painted since early February.
We are likely to continue up before any meaningful resistance is met which currently stands at around $11.5. Will the wedge break up or will we crash down below support?
Bitcoin would indicate we will have some more bearish days ahead (BTC idea below), but API3 has shown tremendous strength to date and today is one of the few coins in green. Thus, best to let price lead the way. For now price should continue up until our resistance.
The indicators also support the bullish case, the only real question is if we break up of this wedge? Time will tell.
Bias remains bullish so long support holds. If that break, we may end up in a long consolidation, depending on broad market conditions.
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API3 - Price Prediction! 40%+ Gains Possible, Maybe 5,458%+Hello Traders,
Here comes Chainlinks competitor! Lock and loaded, this one is showing some major strength and now has confirmed its reversal to the upside.
We passed the 255/200/100 EMA.
We have a bullish pennant that has formed and I expect at any moment here we will break further to the upside.
My target is the recent ATH's (make sure to secure profit along the way though).
Long-term: If API3 can even grab a 3rd of the market cap that Chainlink has, we would be sitting around $4,232,892,577. Times that by the current circulating supply of 13,847,549 (drum roll, please)... Price would be: $300+. Yes, that is right, $300. That would be a 5,458% increase.
Folks this is one to keep an eye on. For number's sake, $500 could turn into a cool $27,290. Not bad and not out of the question.
Good luck!
AP12USDT Daily S/R| Swing High| .50 Fibonacci| Price Action Evening Traders,
Today’s analysis – AP13- trading above its Daily S/R where further continuation is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Swing High Objective
- Oscillators Neutral
API13USDT’s immediate price action is impulsive, at a key trade location that is in technical confluence with the .50 Fibonacci and the Daily S/R, allowing for a long bias.
The Swing High is the current objective, exceeding this level increases the probability of a trend continuation.
Both oscillators are trading neutral, maintaining their bullish control zones is indicative of strength.
Overall, in my opinion, APi3USDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“The obvious rarely happens, the unexpected constantly occurs.” – Jesse Livermore
API 3 - Decentralized APIs for Web 3.0I have been watching for this project for a long time and recommended taking a closer look at when API3's price was near $2 ().
They have a lot of new, important strategic partnerships, product development detailing, a promising company. It is already present at Uniswap, Huobi, Kucoin, Okex, Poloniex, and many other platforms. The next important step is listing at Binance.
Technically, the API has broken through the resistance level and is likely to test it soon.
Best regards, EXCAVO