Hello guys .
Today I want to talk about one of the possible big opportunity for this upcoming altcoin season .
as you might guess on the title of the idea ; I want to analyzing APTOS which is also m favorite ALTCOIN to hold .
So let's jump straightly into the content :
before start , I like to mention that the technique for my TA is :
1_ first of all we are going to look at the APTBTC chart for check out how this coin gonna actually perform against BTC .
2_ then we looking at the APT against us dollar chart .
as you can see in the chart above APTBTC is under a very strong resistance which is now actually trying to act as a support level because price trying to break out from it and in the daily chart we close bullish candle above it .
Also the point is ; the more stronger the resistance is , breakout could be much more difficult and when price finally break from this kind of levels we will probably see a massive reaction to the up or down side .
so we could decide that this 300 days of resistance and sells pressure from this weekly resistance is finally over if we close a weekly candle above it .
now it's time to look at APT aginst us dollar chart :
in the weekly time frame APT currently broke out from a symmetrical trianle which is also a bullish pattern and we could say the possible short term target for APT is around previous all time high around 20$ which is a very possible price target .
but the intersting fact is :
in the APTBTC chart we are currently around 300% far from previous all time high but in the APTUSDT chart we just 40% far from the all time high ; by considering this information we could say the massive rally is around the corner for APT ; also this coin is fundamentally very strong and people in the solana space knows that APT is a very strong competitor for solana .
Today I want to talk about one of the possible big opportunity for this upcoming altcoin season .
as you might guess on the title of the idea ; I want to analyzing APTOS which is also m favorite ALTCOIN to hold .
So let's jump straightly into the content :
before start , I like to mention that the technique for my TA is :
1_ first of all we are going to look at the APTBTC chart for check out how this coin gonna actually perform against BTC .
2_ then we looking at the APT against us dollar chart .
as you can see in the chart above APTBTC is under a very strong resistance which is now actually trying to act as a support level because price trying to break out from it and in the daily chart we close bullish candle above it .
Also the point is ; the more stronger the resistance is , breakout could be much more difficult and when price finally break from this kind of levels we will probably see a massive reaction to the up or down side .
so we could decide that this 300 days of resistance and sells pressure from this weekly resistance is finally over if we close a weekly candle above it .
now it's time to look at APT aginst us dollar chart :
in the weekly time frame APT currently broke out from a symmetrical trianle which is also a bullish pattern and we could say the possible short term target for APT is around previous all time high around 20$ which is a very possible price target .
but the intersting fact is :
in the APTBTC chart we are currently around 300% far from previous all time high but in the APTUSDT chart we just 40% far from the all time high ; by considering this information we could say the massive rally is around the corner for APT ; also this coin is fundamentally very strong and people in the solana space knows that APT is a very strong competitor for solana .