🔥 APE Bearish Pennant: Patience Is Key!

Over six weeks ago I made an analysis on APE, where I wrote that I expected that the bottom was likely in. As of today, both bullish targets have been reached. Congratulations if you took the trade.

For now, APE has formed a clear bearish wedge pattern. It remains to be seen which way we will break, so patience is key. Furthermore, keep a close eye on BTC since it will likely signal which direction APE will go in the short-term.

In case we break bullish above $7.5, wait for the retest of the $7.5 support. If the area holds, it will be a great entry signal for a bullish trade, target at $10.

In case the wedge breaks bullish , look for $5.5 and $4.25 as potential bearish targets.

💰Lower Your Trading Fees:

📈Try my Premium Signals for 🚨FREE🚨:

🔥Premium channel & 💎Contact:

🎯Crypto Signals & EXCLUSIVE analyses:

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.