Ape Coin has been in a sideways holding pattern for about a month, unable to break and hold over $1.50. Are these failures a death sentence for Ape? There are several data points to take into consideration and they don't all point in the same direction.
How do we trade this?
In a bull channel, it's reasonable to have a long bias since the probability of profit...
Ape has been in a descending wedge pattern since the spring of 2022, a bullish pattern in which we should be looking for long entries. A breakout of the wedge pattern is ideal with a strong bull bar closing near its high. This bar would be our confirmation of a breakout, preferably above the Weekly 30EMA. My Bitcoin 4HR and Weekly analysis show a pullback is...
APE has hit a major area of support as the TOTAL and BTC bottom out in momentum once again.
This coin is far beneath the Keltner Channel and I believe with the past confluence of price action in this area we'll find support to retest back into the channel.
We're far underneath our 200-day EMA and I believe we will retest it as resistance.
We are seeing a...
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For this particular analysis on ApeCoin we are using the APEUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where APE has been trading within a Descending Triangle pattern since the June 30 Low that started its Support. As you see the late price action is limited below the 1D MA50 (blue trend-line) and continues to trade...
Apecoin (APEUSD), one of the hottest tokens in March - April, has been trading within a Channel Up since the April 18 low. The lower band (below the median) of the Channel has been dominating most of the price action, acting as a Buy Zone with the higher band, just momentarily forming Higher Highs and rejects the price on profit taking. This has happened twice so...
