Aptos: Correction Is Not Over, 40% Drop Followed By Bull-Market
2024-11-03

The lower high is in and APTUSDT (Aptos) has been bearish for 13 days, but the correction isn't likely over. The fact that a strong lower high was produced on 22-October vs 26-March signals that this pair is likely to hit a new low or lower low.

The minimum drop with the current chart structure and price dynamics would be a test of the 5-August low, which would be around -40%. It can go even lower on a wick but this wouldn't change the fact that a strong recovery will follow as soon as the bottom is in. So not all is bad news.

It will crash moving down strong and fast but then it will recover strong and fast also. While the final "leg-down" will only take a few days to unravel, maybe a few weeks, the proceeding bull-market can go for 8-12 months.

So we are looking at 2-3 weeks red, maximum, followed by almost an entire year of sustained growth.

That's a good deal if you ask me.

Thanks a lot for your continued support.

Namaste.