APTUSDT Long Spot Trade / after the last correction
after the last correction APT break the Base Channel and retest it and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid.
I have completely re-analyzed this coin:
APTUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Flat
Position: the red Wave (c) of the orange Wave (b)
Direction: the red Wave (c) is still in play
Details: the red Wave (c) is still in play which I expected to be end around 6.3- 5.5 which will be my entry point, if this area is breached then the next entry point will be around 3.7
Next Direction: next higher Degrees orange Wave (b)
Target : the area between 22.3-22.8 with about 300% profit, keep your eyes on on the first target around 20.08, the price may bounce back from this area.
Wave Cancel invalid level: Daily closing below 3 with 45% loss.
NOTE:
don't sell everything in the 22.3-22.8 wait for price reverse confirmation, the price may reach the 27$ level.
For long-term investment, this currency can reach the 40-60$ levels after going in a correction from the 27$ levels
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
I have completely re-analyzed this coin:
APTUSDT Elliott Wave Technical Analysis
Mode: Corrective
Structure: Flat
Position: the red Wave (c) of the orange Wave (b)
Direction: the red Wave (c) is still in play
Details: the red Wave (c) is still in play which I expected to be end around 6.3- 5.5 which will be my entry point, if this area is breached then the next entry point will be around 3.7
Next Direction: next higher Degrees orange Wave (b)
Target : the area between 22.3-22.8 with about 300% profit, keep your eyes on on the first target around 20.08, the price may bounce back from this area.
Wave Cancel invalid level: Daily closing below 3 with 45% loss.
NOTE:
don't sell everything in the 22.3-22.8 wait for price reverse confirmation, the price may reach the 27$ level.
For long-term investment, this currency can reach the 40-60$ levels after going in a correction from the 27$ levels
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
