API3 has reached a local bottom and a relief rally is in order.
The current support at $1.2 meets at the intersection of two key levels, first the trendline since API3 was released as well as a perfect 1:1 extension from the previous top.
The key levels to watch as the price moves higher are at $2.3 and $3.3.
A price above $3.3 seems unlikely unless BTC somehow manages to push above $40k.
Bias is bullish short term, but I would not expect more than $3.3 in the current market.
Keep an eye on this.
Like and follow if you liked my idea!
The current support at $1.2 meets at the intersection of two key levels, first the trendline since API3 was released as well as a perfect 1:1 extension from the previous top.
The key levels to watch as the price moves higher are at $2.3 and $3.3.
A price above $3.3 seems unlikely unless BTC somehow manages to push above $40k.
Bias is bullish short term, but I would not expect more than $3.3 in the current market.
Keep an eye on this.
Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.