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altFINS
Mar 2, 2024 11:45 AM

APE: Resistance Breakout Long

APE / TetherUSBinance

Description

Trade setup: Price is an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price also broken above $2.20 to signal continuation of uptrend, with +15% upside potential to $2.50 next. Stop Loss (SL) level at $2.10.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $1.80 (previous resistance), then $1.50. The nearest Resistance Zone is $2.20, which it broke, then $2.50.
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