Hi eveyone
We have the Ape/usdt pair in daily time frame and as you can see from may 2022 ape is moving in a descending wedge and heading for lower lows.
The price has recently touched the bottom of the descending wedge at 2$ and seems to be preparing for a bounce but as you know with the current state of markets and the correction of Bitcoin we may witness a fake break down of the descending wedge so it is wise to be prepared for both scenarios.
This is only my personal view of market and not any kind of financial advice.
Trade safe and stay strong
We have the Ape/usdt pair in daily time frame and as you can see from may 2022 ape is moving in a descending wedge and heading for lower lows.
The price has recently touched the bottom of the descending wedge at 2$ and seems to be preparing for a bounce but as you know with the current state of markets and the correction of Bitcoin we may witness a fake break down of the descending wedge so it is wise to be prepared for both scenarios.
This is only my personal view of market and not any kind of financial advice.
Trade safe and stay strong