Analysis of cryptocurrency #Aptos #APT based on charts
1. Forecast of price movements (short-term, medium-term)
Short-term forecast: Volatility is expected in the range of $6.00 - $7.50 over the next few days. Given the current downtrend and support at $6.00, a short-term pullback to $7.00 is possible.
Medium-term forecast: Over the next few weeks, consolidation and an attempt to recover to the levels of $7.50 - $8.00 are possible, provided that the overall market sentiment stabilizes.
2. Support and resistance levels
Support:
$6,00
$5,50
$5,00
Resistance:
$7,00
$7,50
$8,00
3. Possible entry, exit, stop loss points for a long position
Entry point: $6.50 (if the trend reversal is confirmed and the $7.00 level is broken)
Exit Point: $7.50
Stop Loss: $6.00
4. Possible entry, exit, stop loss points for short positions
Entry point: $7.00 (if there is no breakout of the resistance level)
Exit Point: $6.00
Stop Loss: $7.50
5. Consideration of long and short scenarios
Long scenario
Probability: 55%
Analysis:
Volume indicator: A decrease in volumes as prices fall indicates weakening sellers.
Ichimoku Cloud: The price is below the cloud, indicating a bearish trend, but close to the bottom of the cloud, which could signal a possible reversal.
Parabolic SAR: SAR dots are above the price, indicating the current downtrend, but their approach to the price may signal a possible reversal.
EMA: The 50 EMA and 200 EMA are showing crossovers downwards, confirming the downtrend, but the price may try to break the 50 EMA.
RSI: The indicator is in the oversold zone, which may indicate a possible upward reversal.
Liquidation Heatmap: A high level of liquidations indicates a possible short run up.
Short scenario
Probability: 45%
Analysis:
Volume Indicator: Recent increases in volumes as prices fall indicate seller activity.
Ichimoku Cloud: The price is below the cloud, confirming the bearish trend.
Parabolic SAR: SAR dots above the price confirm the downward trend.
EMA: EMA confirms the downtrend, but is close to the current price, which may indicate a temporary weakening of the trend.
RSI: The indicator shows the possibility of further decline.
Liquidation Heatmap: A significant level of liquidations above the current price indicates possible downward pressure.
Additional factors:
Exchange Reserve: Increased by 2.5% over the last 7 days, indicating possible selling.
Net deposits on exchanges: Up 1.8% over the last 7 days, confirming increased sales.
Capital inflows: Capital outflows prevail at 1.5% over the last 7 days.
Inflow of large holders: Outflow by 2.2% over the last 7 days.
Active Address Growth: Increased by 1.3% over the last 7 days.
New Address Growth: 0.9% increase over the last 7 days.
Trade Volume: Down 3.1% over the past 7 days.
Conclusion:
Based on current data, the long scenario looks a little more likely given the easing of selling pressure and a possible reversal amid oversold conditions. However, you should carefully monitor support and resistance levels and take into account possible changes in volumes and indicators.
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