Hi there,
In this analysis I'll be going through the apple chart. I've worked from the monthly timeframe to what we see here giving me key levels others may not notice.
Tools I use:
The price of apple really took off in April '2020 and has not back tested its high from February '2020.
As the price took off around the time c-19 took place Apple has had a great two year run now finally fallen under the 200 ssma I see the price falling bellow the red zone to the $90 area before it possibly continues to the upside if it can re clam the 200 ssma, if not it could fall further between $70.00 - $60.00 before a reversal takes place.
I believe the price is falling due to a multitude of reasons but the biggest being the stimulus the USA put out to it's people.
I think smart money is taking the funds out of the market and banking the capital to re invest once price has fallen significantly to the down side.
As always Be smart, Invest with caution & Preserve your capital.
The aim of the game don't lose your ammo you run out of capital game over.
This is NOT financial advice please do your own research.
Crypto Leonard.
In this analysis I'll be going through the apple chart. I've worked from the monthly timeframe to what we see here giving me key levels others may not notice.
Tools I use:
- time based fib extension
- fib retracement
- colour coded rectangles
- EMA/MA's
- faces to show the sentiment
The price of apple really took off in April '2020 and has not back tested its high from February '2020.
As the price took off around the time c-19 took place Apple has had a great two year run now finally fallen under the 200 ssma I see the price falling bellow the red zone to the $90 area before it possibly continues to the upside if it can re clam the 200 ssma, if not it could fall further between $70.00 - $60.00 before a reversal takes place.
I believe the price is falling due to a multitude of reasons but the biggest being the stimulus the USA put out to it's people.
I think smart money is taking the funds out of the market and banking the capital to re invest once price has fallen significantly to the down side.
As always Be smart, Invest with caution & Preserve your capital.
The aim of the game don't lose your ammo you run out of capital game over.
This is NOT financial advice please do your own research.
Crypto Leonard.
