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AlanSantana
Feb 21, 2024 2:06 AM

Apecoin 2 Years Long Downtrend Likely Ending... Long

APE / BitcoinBinance

Description

Early signals I should say because things can always change...

Apecoin (APEBTC) moved and closed recently above EMA50, opening potential for mid-term growth. With a close above EMA100 this potential would be confirmed but we are not quite there yet.

We have a bottom pattern, average volume and a strong RSI.
These signals are good but the really important part is the market cycle.

You can find tons of bullish signals just to see them reverse in a matter of days.
Since the charts are always changing, only a few days are necessary to change the picture completely and for this reason we tend to use a stop-loss point.

➖ Below the All-Time Low, we either stay out or know we have to wait before prices grow; in this case 0.00002700.
➖ Any trading above this level and a bullish wave can develop anytime.

Seeing all those pairs breaking up strong —ALTSBTC— we have a higher level of certainty that this time around we will win.

What to do if prices move down rather than up?
Either sell at a loss or wait patiently... That's all.

Thanks a lot for your support.

Namaste.
Comments
sumairk
it takes alot of patience now, APE is slowly grinding with small dips with btc retrace, but in short time it could explode along with waves also.
AlanSantana
@sumairk, Indeed.
MyCryptoParadise_Nathan
You’ve provided a comprehensive view of APEBTC’s market movement.
mahdimoeinmehrr
plz update
AlanSantana
@mahdimoeinmehrr, Patience. Same chart, same analysis.
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