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LA_Designer
Jun 9, 2022 4:05 AM

APE: Update Long

ApeCoin / United States DollarCoinbase

Description

On the 4H chart (and other timeframes), we can see bullish divergence forming where the price action is heading lower and the RSI is making higher lows. This could be a sign of a small reversal coming soon.

Currently, the 4H 50MA (orange line) is acting as resistance, so if we get above that, that would be a good start for a move up.

Support is at $5.20. A break below would invalidate this idea.
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