HEY, what's going on traders?!
In the last analysis I posted for APE on May 28th, I told you guys, that further declines to lower support levels were likely. (about 45%💰 (1x) short).
So now as you can see on the weekly timeframe for apeusdt , I can imagine a descending channel , that it has been trading in and ape can continue its downtrend , and after retesting the support zone ,it has rebounded and it is already trading on the pivot zone , but I think the Vwap line can finally absorb the price like as a magnet ,so in this case if it be able to maintain the current level and then breakout the descending trendline it can reach the higher resistance zone or VG zone ,but otherwise if a weekly candle closes below pivot , with low volume as confirmation ,then it can fall more and continue its downtrend and , if support zone broken it can even see lower support levels .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
In the last analysis I posted for APE on May 28th, I told you guys, that further declines to lower support levels were likely. (about 45%💰 (1x) short).
So now as you can see on the weekly timeframe for apeusdt , I can imagine a descending channel , that it has been trading in and ape can continue its downtrend , and after retesting the support zone ,it has rebounded and it is already trading on the pivot zone , but I think the Vwap line can finally absorb the price like as a magnet ,so in this case if it be able to maintain the current level and then breakout the descending trendline it can reach the higher resistance zone or VG zone ,but otherwise if a weekly candle closes below pivot , with low volume as confirmation ,then it can fall more and continue its downtrend and , if support zone broken it can even see lower support levels .
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
