Hey Traders,
At the beginning of 2021 API3 had a smaller circulating supply so $10.50 USD was an easy go, as with new coins, supply slowly gets added on therefore explaining why API3 isn't at its ATH. The Time cycles on the Weekly Candle Chart I drew are a signal for when API3 is cheap, this will always be valid until API3 clears $7. It is also safe to say that API3 is heading for $6.5 according to the Weekly Bollinger Bands. A thing you should know, TA with small/ new coins is difficult because you need more price history. If API3 were to get just to the $500M of UMA that would make API3 $10-11 USD per coin. $1B would make API3 $20-22 USD per coin. And if it killed Chainlink with $10B it would be $150-$200 per coin.
Just buy 3 API3, thank me later!
Safe trading,
-Pulkanator
At the beginning of 2021 API3 had a smaller circulating supply so $10.50 USD was an easy go, as with new coins, supply slowly gets added on therefore explaining why API3 isn't at its ATH. The Time cycles on the Weekly Candle Chart I drew are a signal for when API3 is cheap, this will always be valid until API3 clears $7. It is also safe to say that API3 is heading for $6.5 according to the Weekly Bollinger Bands. A thing you should know, TA with small/ new coins is difficult because you need more price history. If API3 were to get just to the $500M of UMA that would make API3 $10-11 USD per coin. $1B would make API3 $20-22 USD per coin. And if it killed Chainlink with $10B it would be $150-$200 per coin.
Just buy 3 API3, thank me later!
Safe trading,
-Pulkanator