APT May Fall to $3.20 After Bullish Pattern Is Invalidated

Coin Edition
Coin Edition

16 Sep 2023 11:29 AM

APT broke out of a bullish chart pattern over the past few weeks and may be at risk of falling to $3.20 as a result. Read more on CE....

  • APT's price broke out of a long-term bullish chart pattern but entered a bearish period.
  • The price is at risk of dropping to $3.20.
  • A 4-hour candle close above $5.40 could invalidate the bearish thesis and lead to a climb to $8.
  • Mixed sentiment on APT's daily chart with bullish MACD but bearish RSI.
  • In the shorter term, APT has been showing positive momentum with higher lows on the 4-hour chart.
  • Failure to close above $5.40 may continue the long-term negative trend and result in a decline to $3.20.

The sentiment is mixed, with bullish indicators like the MACD line above the MACD Signal line, but a bearish RSI. Overall, the trend is bearish.

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You May Ask

What is the next support level for APT's price?What could invalidate the bearish thesis for APT?What is the potential price target if APT's price breaks above $5.40?What is the sentiment on APT's daily chart?What is the shorter-term trend for APT's price?

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