Ape, Could yeild a nice bunch of bananas!
The 200 sma is very significant resistance that finally broke over and stayed on top. The pattern that shows tends to hold at this point of contact.
I can see APE getting to the 1.618 but get rejected at this top trend line. This trend line is from the ATH and has held every time tested. The 1.618 is a small window but is likely as the markets push up before the May sell off.
I can see it pulling back to the 0.618 and riding that bottom support until its time for the break out decision or the drop to all time lows which would make for an inverted head and shoulders pattern.
The main target up IMO would be $4.20 range.
The low target ...if it holds for the inverted head and shoulders is $1.00 area.
I can see APE getting to the 1.618 but get rejected at this top trend line. This trend line is from the ATH and has held every time tested. The 1.618 is a small window but is likely as the markets push up before the May sell off.
I can see it pulling back to the 0.618 and riding that bottom support until its time for the break out decision or the drop to all time lows which would make for an inverted head and shoulders pattern.
The main target up IMO would be $4.20 range.
The low target ...if it holds for the inverted head and shoulders is $1.00 area.
Comment:
The banana crop is growing nicely. We have some more room to go up and with BTC pushing up we can get closer to the top of that wedge near the 1.618.
Time to move the stop losses up and if you are inclined to short get the entries ready.
Trade safe trade smart.
Time to move the stop losses up and if you are inclined to short get the entries ready.
Trade safe trade smart.
Comment:
Nothing to much to report. The TA analysis is still on point even with BTC blowing its top.
Ape is surely struggling to move up above the $2.00 and push higher. I was made aware that this has been a trend for a while now. It is sitting on top of some support in the $1.60 - $1.75 range.
Now it is up to APE to excecute and push up while the getting is good. The getting is good wont last once the pull back of BTC down to the 40k range happens before the really big push up to ATH.
I am watching this one closely and still believe the TA is accurate.
Ape is surely struggling to move up above the $2.00 and push higher. I was made aware that this has been a trend for a while now. It is sitting on top of some support in the $1.60 - $1.75 range.
Now it is up to APE to excecute and push up while the getting is good. The getting is good wont last once the pull back of BTC down to the 40k range happens before the really big push up to ATH.
I am watching this one closely and still believe the TA is accurate.
Comment:
APE broke up nice today .. It made first contact with my wedge shape and I thought it was going to crack into the 1.618 fib area and invalidate the pattern.
It has since pulled back and consolidating for the next move. Up or down i am unsure as at this time BTC is pulling back slightly.
Protect some profits and enjoy those bananas.
It has since pulled back and consolidating for the next move. Up or down i am unsure as at this time BTC is pulling back slightly.
Protect some profits and enjoy those bananas.
Comment:
APE could get up on top of this wedge and rocket with the rest of the MEME coins.
A test of the $3.00 area is in play.
Enjoy this blast off, but keep in mind we will have to land at some point. On the MOON .. hehe
Take profits please.
A test of the $3.00 area is in play.
Enjoy this blast off, but keep in mind we will have to land at some point. On the MOON .. hehe
Take profits please.
Comment:
APE tested the top of the expanding wedge and was rejected. This is ok, in the Wyckoff theory you need these pushes to clear the way for the actual sustained move.
We dipped with BTC and tagged the SMA 15 on the 12 hr chart and bounced nicely. I did add to my position here in full disclosure.
Stay vigilant and secure some profits.
We dipped with BTC and tagged the SMA 15 on the 12 hr chart and bounced nicely. I did add to my position here in full disclosure.
Stay vigilant and secure some profits.
Ape is in its move so if looking for an entry be selective.
Keep some powder dry for any significant dips after getting closer to the top near the1.618 fib.
Happy banana hunting.