The pivot formation is not ready yet. But at the moment you can mark out that the price is trading near the lower boundary of the range, at support levels.
In the near future we might see the price climbing up to the upper boundary of the range. But it's still flat and sideways. If this formation does not hold the current support (2.8-3), the price will...
Apecoin has received alot of negative attention.
Thats really all i can say right now.
Looking back at my chart that i posted april 26th.
I gave an accurate prediction of what was coming for apecoin.
Call it luck or intuition.
It was a good call.
Now apecoin has alot to prove before any big waves of funding comesback.
The only way this will happen is to submit to...
Made some profits and now I'm done I sold off today. I'm not greedy just making some quick profit.
I crypto Market is taking a turn for the worst and it's going to get ugly.
Bear Market continues
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On the 3-day chart above, we can see that APE is forming a falling wedge pattern that is starting to tighten up. Bullish divergence shows that momentum is positive and price action can shift soon.
I'd say a breakout is expected between now and mid-December.
Invalidated if the lower trend line breaks with a full close.
Many people argued that $APE coin was going to $3 - and despite the Fib showing me that it would need to bottom out the fib table to get there, I believed it for a moment.
I've since slowly changed my mind as I noticed that APE was testing the ~$4.1 support line(historically and presently). That support line has been rejected for the 5th time to date. I...
** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel free to share/comment on my thoughts - please don't use this chart as financial advice
At this point, though, $APE coin sits in a precarious symmetrical triangle and has progressed quite deeply into it. It would suggest that APE is...
As we can see, since July 2022, the support zone around $4.25 - $4.65 seems to be a strong area of demand. If the markets start to rally soon, we should see APE retesting resistances of $6 and $7.70 in the coming weeks.
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Reasoning is the lower high Structure after sweeping a weekly high
on the H12 price ceated a bearish orderblock which should induce breaish momentum from here.
The final confirmation step would be a break below purple S/R for me
as always, no financial advice, just food for thought
On the daily timeframe, APE is forming a descending wedge pattern with bullish divergence on the RSI. The RSI is also showing that it's oversold.
I expect a bounce up from the local support levels. If support fails, then $3 is the last line of defense before making any lower lows.
Strong resistance around $5.50
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Apecoin (APEUSD).
The chart is self-explanatory. With the crypto market going through a correction, Apecoin may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance...
Traders,
This next trade has the potential of 86%+ profit. I have waited very patiently for APE to come down to it’s strong support of $4.29 …and here it is. I believe it’s go time!
Position = APE
Entry = 4.34
Stop Loss = 2.88
Final Target = 8.10
Risk/Reward = 2.5/1
Leverage = 1x
Profit Potential = +86%
Best of luck!
Stew
Currently, APE is starting to form a descending wedge pattern with bullish divergence building up on the 12H.
Local support zones at $4.20 and $3.
If it breaks upward, I'd expect strong resistance around $5.50 - $5.60. If that resistance breaks, then we could see a decent uptrend from there.
Been using this as a favorite to short and unlike the long positions it's going well.
My chart says 3,66 is likely to happen.
With Mt Gox fears being valid (nobody knows for sure how and when the event will take place) and after Powel's gloomy projections/tone we need to be worried.
5$ is resistance. A strong one but a rebound to that level is not to be crossed...
