API3 is on a solid run right now like alot of alts, but what differentiates it is how clean the chart is.
It had a breakout from an accumulation pennant and hit 4.80 target perfectly, followed by some consolidation in an ascending triangle, a break out of that triangle and a retest of the breakout level.
There is solid divergence suggesting another potential rip on the horizon within the next week or two - I'd wager a swipe at $8.75.
It had a breakout from an accumulation pennant and hit 4.80 target perfectly, followed by some consolidation in an ascending triangle, a break out of that triangle and a retest of the breakout level.
There is solid divergence suggesting another potential rip on the horizon within the next week or two - I'd wager a swipe at $8.75.
Catatan
Ended up hitting 7.91 before the market wide pullback. The price signature now bears a resemblance of a Wyckoff distribution as shown, with the trading range of the distribution pattern bound by the two volume nodes at 4.70 / 5.90. The volume profile is from OKex which is notorious for wash trading so it was hard to really nail down the volume profile along Wyckoff lines. Right now consolidating in a pennant with apex within next day or so.
Oscillators look ok. Ideally I'd like to see a spring to invalidate distribution pattern, although a leg down is possible here.
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