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!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 7,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.