💎Technical Analysis Summary💎
BINANCE: APPCBTC
-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
-So I...
Price: Consolidating under Fib 23.60% (fib retracement from all time high to low)
All time high: Approximately +14000%
Twitter: Very active
Niche: Gaming
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/BTC
-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
