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without_worries
Jul 23, 2023 2:19 PM

ApeCoin (APE) Long

BINANCE:APEUSDT4D
APE / TetherUSBinance

Description

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On the above 4-day chart price action has corrected by 90%. Today is great long opportunity. Why?

1) RSI and price action resistance breakout.

2) Multiple oscillators print bullish divergence with price action (orange circle)

3) Price action prints on past resistance since breakout. Look left.

Is it possible price action falls further? Sure.
Is it probable? No.

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: no idea

Trade active

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an excellent moment

Trade active

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resistance breakout

Comment

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"What do you mean by resistance breakout?" came a question..

Daily

Comment

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Support on past resistance confirms.

Trade active

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now...

Comment

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Past resistance confirms support.

Trade active

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Comment

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now
Support and ResistanceMultiple Time Frame AnalysisOscillators
Comments
flappie000000
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and now what for ape..??
no volume enough for a decent breakout
ArtfulDodger1974
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@flappie000000, don't let facts get in the way of a good story LOL. Now we see the consequences this morning. Breakout becoming more like breakdown. It was nearly a 50% jump from the bottom and MMs took their profits. Just enough retail to bag though. SOSDD. I still think 4-5 is possible but not for a long time. We are still very much in the bear market too.
linofx1
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Nice one
ArtfulDodger1974
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Oof, this aged really well. "Now" I guess meant a major pullback from $1.70 to $1.10? Of course, no updates since. Yeah, I wouldn't update it either. 🤣👍
karabalmurat203
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?
without_worries
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@karabalmurat203, ??
ArtfulDodger1974
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"Not trading it myself", not the case anymore. Entered a while back. My average is about where the price is now. I'm reasonably confident the original target I predicted can happen. Or more...😉
electricalTuna22461
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Now what?
without_worries
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@electricalTuna22461, Good question. Ask me elsewhere if you need updates more frequent that those given on the public idea.
ArtfulDodger1974
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@electricalTuna22461, I guess you got the question answered by now?
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