APEUSDT
We can see that APE has been in a downtrend since its last high in April 2022. After that, it started to decline and formed a descending channel. We are now approaching the previous low, and it seems that the bearish momentum is decreasing. Additionally, we can observe oversold conditions on the RSI indicator:
so there is one scenario, it will happen
scenario 1: if we close a weekly candle above the previous support level; the price will go up to the middle of the channel.
scenario 2 : if we close a daily candle below the First offering price, we will form a new low for APE.
Please like and comment so that I can continue.
Trade active:
if we break the resistance of the channel, We're going to $4.6, then $6.9, then $11
Trade active:
We will retest the $1.07 support and I think the price will be rejected from it because it is a strong buy zone
Trade active:
like i said 1.7$ strong support and was rejected