P_S_trade

ApeCoin APE price has good potential for growth

Long
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WHITEBIT:APEUSDT   ApeCoin / Tether US
In recent days, the APEUSDT price has started to grow quite well, but the trading volumes are far from those that were six months ago.

Now the ApeCoin price hit a fairly wide liquid zone and could not pass it the first time. Well, this is logical, because in the liquidity zone of $4.25-5.25 there will be many people willing to sell their APE.

Therefore, we believe that in the coming days the APEUSD price will slightly correct downwards to gain strength for a new breakout impulse upwards. The strength of the buyers will be confirmed if the correction is not much below $3.50

If we look at the APEUSDT price chart "globally", we can assume that an "Inverted Head and Shoulders" trend reversal pattern is probably forming now
The target of $6-6.50 for APE in the next 1-1.5 months is more than realistic.

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