๐๐ API3's Bullish Signs ๐๐
๐๐ TradingView Analysis: API3's Bullish Signs ๐๐
๐บ API3 in a Weekly Correction Triangle: API3 is currently in a corrective triangle in the weekly timeframe. Notably, there has been significant buying volume in recent weeks. The decreased volume during the last three weeks of red candles is a positive sign for potential upward movement.
๐ Daily Timeframe Movement: The coin is showing a curved movement in the daily timeframe, but it's not parabolic. It responds well to this curved line, but opening positions based on this reaction isn't part of my strategy.
๐ Entry Strategy: For short-term entries, I plan to enter a long position or buy spot after breaking the daily resistance at $1.591.
๐ Key Resistance and Monthly Box Entry: Once it breaks the trend line and the $1.591 resistance, API3 will enter a monthly box, with a crucial resistance at $2.443.
๐ Long-Term Buying Strategy: For a long-term portfolio or hold, it's advisable to buy after surpassing $2.443 to ensure a confirmed bullish trend.
๐ Important Daily Resistance: Keep an eye on the daily resistance at $1.921.
๐ RSI Oscillator Support: The RSI is finding important support at 40, which could sustain the price.
๐ฆ Caution in the Triangle: As long as the price remains above $1.272, it's better not to buy within the triangle until it exits the consolidation phase.
๐ Related Categories:
Triangle Patterns
Volume Analysis
Oscillator Analysis
๐ฃ Whatโs your perspective on API3's market movement? Let's discuss strategies! ๐ฌ๐ #API3Analysis #CryptoTrends #TradeCityPro
๐ Remember: Cryptocurrency investments are subject to market risks. Always conduct thorough research and consider your risk tolerance! ๐ง ๐ผ
๐บ API3 in a Weekly Correction Triangle: API3 is currently in a corrective triangle in the weekly timeframe. Notably, there has been significant buying volume in recent weeks. The decreased volume during the last three weeks of red candles is a positive sign for potential upward movement.
๐ Daily Timeframe Movement: The coin is showing a curved movement in the daily timeframe, but it's not parabolic. It responds well to this curved line, but opening positions based on this reaction isn't part of my strategy.
๐ Entry Strategy: For short-term entries, I plan to enter a long position or buy spot after breaking the daily resistance at $1.591.
๐ Key Resistance and Monthly Box Entry: Once it breaks the trend line and the $1.591 resistance, API3 will enter a monthly box, with a crucial resistance at $2.443.
๐ Long-Term Buying Strategy: For a long-term portfolio or hold, it's advisable to buy after surpassing $2.443 to ensure a confirmed bullish trend.
๐ Important Daily Resistance: Keep an eye on the daily resistance at $1.921.
๐ RSI Oscillator Support: The RSI is finding important support at 40, which could sustain the price.
๐ฆ Caution in the Triangle: As long as the price remains above $1.272, it's better not to buy within the triangle until it exits the consolidation phase.
๐ Related Categories:
Triangle Patterns
Volume Analysis
Oscillator Analysis
๐ฃ Whatโs your perspective on API3's market movement? Let's discuss strategies! ๐ฌ๐ #API3Analysis #CryptoTrends #TradeCityPro
๐ Remember: Cryptocurrency investments are subject to market risks. Always conduct thorough research and consider your risk tolerance! ๐ง ๐ผ
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