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Pearl-A
Mar 19, 2022 10:37 AM

APEUSDT RECTANGLE PATTERN Long

APE / TetherUSBinance

Description

Ape has been on rectangle consolidation since its lost support from its released price ($14.4) and its currently forming a bullish triple bottom in the pattern. Wait for a clear breakout from the first resistance in white before taking a long position to the highlighted tps in different colours. Ape can only make a new ATH if it closes above the last tp in red.

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Market is very volatile at the moment, some coins are diving up while some coins are diving down and the major coin btc keeps moving sideways. Ape has broken the first resistance level in white and this signifies a sign to buy with a tight stop loss at $13.08 which is just 3% risk from entry.
Comments
ammarkazmii
open shorts everyone it's gonna dump ,,, insider
ammarkazmii
it will dump now to 3$
Benedict6699
?
Benedict6699
After the break out is there going to be any possible retracement back to the while line break before shooting up
Pearl-A
@Benedict6699 yeah probably, that depends on btc tho.
Benedict6699
It retested the white line level is it now proper to buy or should I just wait?
Pearl-A
@Benedict6699 you can dive in. Check the caption section for the new update.
Benedict6699
Okay bro so the potential tp is 14?
Pearl-A
yes and beyond, depending on bitcoin..
Benedict6699
Okay thanks I just move in let’s see how it play because it’s now finding it difficult to move up
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