Hi all, another new ideas came from API3 this week. Look like its a clean breakout from the downtrend. Pumped and able to sustain on the current level. As per my chart, imo its already breaking out from bullish flag or could potentially breakout from the reaccumulation phase. Short term target should be $4.5 Mid term target sub $6 long term target should be $8-10.
Dyor.
The large API3 structure is Boolean.
Meta-targets can move by maintaining the swap range.
The swap zone overlaps with the previous BOS zone, creating a strong zone.
Closing a 4-hour candle below the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a...
💎API3 has recently exhibited significant market dynamics. Currently, API3 is potentially undergoing a backtest on the demand area, which was previously the key supply area.
💎 If API3 manages to bounce at this demand zone, there's a probability of continuing its upward trajectory and reaching our target area.
💎 However, if API3 fails to bounce and instead...
As we see it is like inverted head shoulder pattern 4h chart and ema also below candles , to enter to trend i think need candle confirmation and it will carry on bullish move
not financial advice!
A very strong project with an experienced team. From the point of view of the chart, after the price is rejected from the red box, I expect a very high growth. I hold for both long and short term
HM signal v3.0 (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 3.9238-3.9623
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.
Everything is very clear and clear, the main point in this analysis of the breakdown of the trend line is the drawing that I determined with yellow circles the technical importance of this trend line and then followed by the continuation of the Kendley trend back to this trend line...
Within an hour, the triangle pattern is broken from above and is expected to grow to the size of the growth inside the triangle, in the range of 120 to 130 percent.
Quite clearly, the harmonic pattern of the cup and handle is forming, and if we pay attention to the main resistance and the weekly resistance base, it is located in the current range and with the failure of this resistance it will advance to the range of $10, and then it will correct to form the cup handle
Can we get a straight forth leg correct?(maybe not) but if it holds here it can go to 6.
Took some risk on longs api3 from below 4.08.
Stoploss at 4.
Note: Not a Financial Advice
A great scalp position, given that we are in a strong uptrend and corrective wave analysis we can expect to return to the green zone.
Be patient and enjoy your profit
