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drjimbeam
Jan 23, 2023 4:09 PM

APE still in accumulation Long

APE / TetherUSBinance

Description

Much like blue chip NFTs, APE is still forming an accumulation base. Eyeing 6.4ish region as a short term target. If we get PA mimicking the squiggly, looking to trade it over the coming months till May. Mid-term target at ~$17.5-18.5, FVG from initial drop in '21 and coincides with the 0.618 Fib retracement.

Trade closed manually

Lost weekly open and unable to reclaim daily open. Eth broke structure as well. Will revisit if a favorable structure presents. Until then focusing on other alts.

Trade active

Back in at $5.6413 after a quick scalp on APT. Eyeing 6.3s and then $8.

Trade closed manually

Profits booked at $5.8. Waiting for NY Open to see PA develop. BTC rejected from weekly open. Will wait for reclaim to long any alts.

Trade active

Back in APE and this is turning out to be a live journal of my ADHD.

Comment

$6.3 tagged. Still in the long, let's see if we can push to $8 and $10.5. Volatile week with news events lined up. Wish I'd stuck with my APT long instead of rotating to APE which is taking a while to move. Have my sights on cardano after this.

Trade closed manually

Taking profits here to rotate into ADA. Share a chart soon. Looking to build a position in APE b/w $4.5-5.1. Cheers. Been a good run.

Comment

Dead coin, deleting from watchlist.
Comments
SwallowPremium
Great analysis as always, thanks for sharing!
behdark
After seeing yuor analysis,I changed my opinion about the process, thank you
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