#Accumulation_Recomendation
Pair : #APPC / #BTC
RSI : 56
Note : After a good reversal pump on Mid May, AppCoins is showing a good retrace for a correction and showing a good bullish candle formation on the daily chart. Falling wedge broken out already and the 1st impulsive wave is done in a good way with a healthy correction making the trade went sideways for the ast 15 days. If the candle can show some good up ward formation and close at least above 1238 sats we are going to see the 3rd impulsive wave on the way and will be heading at least to the area of 1530 sats since the 3rd wave need to be above the 1st one. MACD and RSI showing a good bullish behavior too on favor of the bulls for now and Volume needs to get some more energy to see a real pump up move. EMA is also moving in the proper way below the price and not showing any bearish sign for now.
Accumulation Area : 1100 sats - 1250 sats
Distribution Area
Short Term:
Target 1 : 1310 sats
Target 2 : 1388 sats
Target 3 :1420 sats
Target 4 : 1490 sats
Target 5 : 1526 sats
Mid Term Target
Target 6 : 1631 sats
Target 7 : 1757 sats
Target 8 : 1991 sats
Target 9 : 2323 sats
Target 10 : 2745 sats
Stop Loss : 915 sats
Risk : Medium
Capital Accumulation : 4%
Pair : #APPC / #BTC
RSI : 56
Note : After a good reversal pump on Mid May, AppCoins is showing a good retrace for a correction and showing a good bullish candle formation on the daily chart. Falling wedge broken out already and the 1st impulsive wave is done in a good way with a healthy correction making the trade went sideways for the ast 15 days. If the candle can show some good up ward formation and close at least above 1238 sats we are going to see the 3rd impulsive wave on the way and will be heading at least to the area of 1530 sats since the 3rd wave need to be above the 1st one. MACD and RSI showing a good bullish behavior too on favor of the bulls for now and Volume needs to get some more energy to see a real pump up move. EMA is also moving in the proper way below the price and not showing any bearish sign for now.
Accumulation Area : 1100 sats - 1250 sats
Distribution Area
Short Term:
Target 1 : 1310 sats
Target 2 : 1388 sats
Target 3 :1420 sats
Target 4 : 1490 sats
Target 5 : 1526 sats
Mid Term Target
Target 6 : 1631 sats
Target 7 : 1757 sats
Target 8 : 1991 sats
Target 9 : 2323 sats
Target 10 : 2745 sats
Stop Loss : 915 sats
Risk : Medium
Capital Accumulation : 4%
