TradingView
Cocococo2
May 6, 2022 10:24 PM

APE oversold Long

ApeCoin / United States DollarCoinbase

Description

As you see in my chart, Ape is at the bottom of my channel. This is an area I’m actively accumulating. MACD and rsi suggest Ape is in oversold territory. A break below this area would likely push ape to the $12.50 range, then a test of the $10 range. If it manages to build momentum the next high could be in the $40 range.
Comments
mattcanina
Seems like a descending wedge; oversold. Any elliot-wave theorists are welcome to chime in. What are your thoughts now?
More