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CryptoCintron
Feb 22, 2023 3:19 PM

ApeCoin H & S forming on HTF with potential -45% downside Short

ApeCoin / United States DollarCoinbase

Description

ApeCoin H & S forming on HTF. Volume has been trending down as price was increasing. The price action of APE formed a Tweezer Top on the 1D chart and now it's forming a Head & Shoulders pattern. It's approximately 10% from the neckline & the measured move from there is -35%+. This would support the narrative of further downside for BTC and the rest of Crypto. However, the price can also bounce at the neckline (or before) if Bitcoin continues it's bullish trend. I'll be very bullish if price gets down to the H & S target.COINBASE:APEUSD
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