💎Technical Analysis Summary💎
-AppCoins broke the weekly key support area
-The price made a new Swing Low around 273s sat
-This is Bearish technically in the midterm
-Because longer consolidation will occur
-Most likely scenario is to test old support
-If it turns out a new resistance zone
-APPC might travel downwards in the coming weeks
Price: Consolidating under Fib 23.60% (fib retracement from all time high to low)
All time high: Approximately +14000%
Twitter: Very active
My investment thesis:
Find magic internet coin with active community and high upside potential relative to previous all time high. Must also be in a somewhat relevant niche within crypto eg. Defi, gaming,...
-APPC is starting to trade above the 200D MA again
-both 100MA & 200MA are acting as dynamic support
-potential new key support is 400 sats
-needs to close above 415 sats to confirm breakout
-upside target is 540 sats or higher
-stoploss below 100MA
APPC is still respecting this downward trend-line of support at 320 sats area. The 320 sats area is also where the swing Low from August trading activity. If APPC is unable to break the down-force resistance around 350 sats area,
I can see another downward push to test 320 sats Low before the breakout of this bullish falling wedge pattern.
APPC is currently holding the ascending trend-line support from Aug 2019 up to date trading activity. As long the price can hold above this line of support or previous low at 350 sats.
There is still a high probability to continue its price action to the upside. We will have to monitor this coin in the coming days or weeks.
appcusd can we bounce from here
if we can get a little help from BTC i think we have a good chance of a bounce in this area.
Love to hear your thoughts?
ill be watching price action from this area closely fpr a possible long
Buying and accumulating as advertising on apps / mobile games are a multi million if not billion dollar industry. AppCoins is targeting a great sector for the future and has a real world application. I'm expecting to see a steady growth into 2019-2020.
Plus APPC is an ERC-20 Token so you can HODL on MyEtherWallet.
By 2020, 4 billion people will have a...
when you have a 1 to 1 height on wave 1 for wave 5, 1.618 of wave 4 for 5, and 1.618 extention target of wave 1 for wave 5 all matching its hard to think otherwise. 50 to golden pocket retrace of this 5 wave move in the ABC target
I've been looking at AppCoins (APPC) for quite a while now, waiting for the right moment to share this Binance coin. By the time I took a second look today, the price was already taking off. The retrace period is over, is time to try for another run.
Let's see what the charts have to say first, we continue with the instructions to trade this coin.