Hello traders! Welcome back to another episode with A1000x analyst.
This is the analysis of APEusdt, Ape Coin is an ERC-20 governance and utility token within the APE Ecosystem. It is a decentralized project inspired by Yuga labs' Bored Ape Yacht Club.
This coin is deep down but not so deep as other coins. There is one more dip remaining after that it will be pulled.
APE is inside the rising channel, the supportive trendline which is at the bottom is the copy of the resistive trendline which is at the top.
A supportive trendline always works as strong support but in this case, patterns are tricky and we will see a fakeout of the triangle pattern towards the upside but later we will see a fall in price. We will see a breakout of the rising channel towards the downside and once it reaches the support zone near 6.40 the strength of bears will end there and bulls will jump in and it will be the right time to buy.
7.80 will be the target of our buys or the correct time to close will be the break of the resistive trendline.
If the Market forms a pattern at the target which is at the resistive trendline then we will see an instant pump of at least 20%.
Don't forget to hit the like button and follow to stay connected.
This is the analysis of APEusdt, Ape Coin is an ERC-20 governance and utility token within the APE Ecosystem. It is a decentralized project inspired by Yuga labs' Bored Ape Yacht Club.
This coin is deep down but not so deep as other coins. There is one more dip remaining after that it will be pulled.
APE is inside the rising channel, the supportive trendline which is at the bottom is the copy of the resistive trendline which is at the top.
A supportive trendline always works as strong support but in this case, patterns are tricky and we will see a fakeout of the triangle pattern towards the upside but later we will see a fall in price. We will see a breakout of the rising channel towards the downside and once it reaches the support zone near 6.40 the strength of bears will end there and bulls will jump in and it will be the right time to buy.
7.80 will be the target of our buys or the correct time to close will be the break of the resistive trendline.
If the Market forms a pattern at the target which is at the resistive trendline then we will see an instant pump of at least 20%.
Don't forget to hit the like button and follow to stay connected.