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๐ #APT# has reached a strong support zone on the weekly timeframe, where buyers are abundant. A strong reaction from this area is expected. If the price manages to hold above this support, Fibonacci levels indicated by yellow lines represent important price zones to monitor.
๐ Positive Indicators:
RSI (Relative Strength Index): Trading at mid to higher levels on the weekly timeframe, supporting potential upward momentum.
MACD (Moving Average Convergence Divergence): The MACD line has crossed above or is trending towards the signal line, indicating a positive trend signal.
Volume: Increased volume observed around the support area indicates sustained buying interest.
Fibonacci Levels: The yellow lines represent important resistance and reaction points to follow on the chart.
โ ๏ธ Negative Indicators:
Stochastic Oscillator: Approaching overbought territory, which could lead to short-term profit-taking.
Moving Averages: Closing below critical moving averages could weaken the support zone.
OBV (On-Balance Volume): While volume integration signals are positive, ongoing volume support is necessary for maintaining the level.
โผ๏ธ This is not investment advice.
#crypto # bitcoin #cryptocurrency # ethereum #altcoins # APT#