APE COIN - Inflation Gone Bananas 🍌🦍Inflation fever and we ought to be careful.
When reality knocks Bananas become an expensive little luxury...
Time for a short here, once again:
One Love,
the FXPROFESSOR
PS. It will be time for bananas again sooner or later..for now we stick to the bread and the butter
APEUSD.P trade ideas
Swinging ApecoinI shared this one with my group yesterday. Ape getting ready to make a move. Volume metrics showing pronounced decreases in supply pullbacks as the price trends symmetrically, with demand slowly increasing to the upside -- that's a formula for a potential markup. Let's see if we can swing this Ape to the 1.618 - 2.0% Fib zones. Get in and out if you can. Last thing you want is to catch the Ape and get yourself trapped in a bull cage. That's a sure way to lose all your profit!
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**Not financial advice. Please DYOR and trade at your own risk.
APECOIN - Key Levels 🍌🦍Massive drop, again but we see some support here, for now.
Could be good for day trading but mind the market is bearish so some short positions are needed.
For us that is APECOIN amongst others.
a rebound is possible but 4,6 is resistance we wait to go short again.
One Love,
the FXPROFESSOR
APEUSD ❕ overboughtAPE is moving in an uptrend channel near the upper boundary.
TD Sequential - reversal signal down at 30m Timeframe.
Price and RSI have formed a bearish divergence at 30m Timeframe.
BB indicator - price is in overbought zone on 4H Timeframe.
I expect that after the retest of the upper border of the channel and fixing under it the price will correct.
APE - Profit TakingI'm exiting my swing position here but not touching my hodl allocation.
Currently APE is up 50% from my entry.
It is hitting resistance.
Its also a 1:0.618 from the low.
Hidden divergence on 4H RSI.
And most importantly BTC is in a drifting ascending channel - looking ready to fall.
I'll hopefully get back in near the low. If I miss it its fine i'll put it in something else but I think the odds favour the exit.
Not advice.
#APE, recovering wave is coming#APE/USDT 12H
#APE was hyped a lot with #GMT's massive pumping.
It made a bearish divergence at the top and dropped to around the $3, almost -90% from the top.
Now, it made a bullish divergence, and bear's cycle looks almost done.
We can expect it reaches the resistance 1 and 2. $5.5 ~ $5.9 and $9.0 ~ $9.5.
Invalid price of this plan is the $3.5 where bullish divergence was confirmed.
APEUSD 4D: Just another boring SCAM 90% losses(NEW)Why get subbed to me on Tradingview?
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APEUSD 4D: Just another boring SCAM 90% losses(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
- APE USD review / what happened?
- just another boring SCAM
- incredible wealth destruction
- 90% of the value lost in 90 days
- NFT/DEFI hype is over now
- going all in was not a good idea
- maxing out credit cards - BAD IDEA
- lessons learned: control your greed
- lessons learned: DCA don't go all-in
- lessons learned: NFT - no real value
- lessons learned: don't follow the crowds
- always do your own due dill
- and check ideas before investing
- agree/disagree?
- let me know in the comments section
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
$APE to fall from these levels? $3-10 before bouncingTo me, it looks like $APE just found resistance in the $17 region after forming a lower high on the 4HR chart.
Now I think this sets up the possibility for APE to fall much lower from these levels. I think from here, price will likely go back to test the bullish trendline and ultimately end up breaking it to find it's first key support in the $10 region.
However, from there I think price will likely break the $10 support and find it's real support in the $3-8 area.
Let's see how this plays out over the coming weeks.
APE- Mini Chart UpdateThese are our key updated charts with most likely scenarios and key levels.
Remember to do your own research.
BTC is under Major Resistance and the Feds are approaching with a rate hike on Wednesday (unknown in quantity).
On the other hand, some see RSI in low levels and believe a rebound can happen.. we think it's difficult for now
One Love,
the FXPROFESSOR
APES - Odds are Odd Part 2 ( 3$ ) 🍌🦍 Monkey business is on and the previous odd (5$) has been lost and is now resistance:
APES is our preferred short while we still hope for a rebound on BTC, ADA and FTM
Chart says sell to 3$... painful.
Instead of a yacht club we got bananas
One Love,
the FXPROFESSOR 🍌
APE: UpdateOn the 4H chart (and other timeframes), we can see bullish divergence forming where the price action is heading lower and the RSI is making higher lows. This could be a sign of a small reversal coming soon.
Currently, the 4H 50MA (orange line) is acting as resistance, so if we get above that, that would be a good start for a move up.
Support is at $5.20. A break below would invalidate this idea.
APECOIN - We prefer the Red Button for this one 🍌🦍APE is one of our preferred short positions this period.
Price has pumped today since all ALTS followed Bitcoin but we are going short here with a stop loss at 7,3$
Buy some, go short on others, that's the plan here and it works so we keep doing exactly that.
Remember to do your own research.
One Love,
the FXPROFESSOR