APECOIN seems to have top-out with the RSI indicator extremely overbought, and now it is pointing down.
It seems to have made a Falling Wedge Pattern, which is a bearish pattern, and about to break to the downside.
I’m going short here, with stop above August 5 highs.
Not a recommendation.
Good Luck to You
My Chart shows Resistance and most likely lower again but who cares about charts and money when there are Bigger messages in play?
I am going to start with number 8 (and 88) which happens to be my favorite number:
- rotate an 8 and you get infinity ♾️
- Buddha's Noble 8-fold Path ☸️
- 88 symbolizes fortune and good luck in Chinese culture, since the word 8...
Quick update on APE. As most of you know, ETH has been leading the crypto market in the last week or two, which has pumped some altcoins 100%+.
There has been some bullish news lately, such as GUCCI accepting APE for payments, and headlines such as, "One of the Richest Ethereum Whales In Existence Accumulates Polygon, APE, Sandbox..."
If APE is able to break...
Imbalances are area where price tends to return. Not always but very likely. The difficulty is waiting it out. Price action could dip for months before coming back to fill the area target. The total market structure determines the time frame.
APECOIN ( APEUSD or APEPERP) appears to have broken out of its second consolidation.
The Weekly chart is a tad limited, but observable that it is less than a quarter from the high. Also noted that it recently made a significant dip to almost 3, and consolidated.
The Daily chart shows more intricacy with consolidation triangle broken out of on 18 July at about...
$Ape 👀 – 07/29/2022 | ApeCoin Price Action Update 🎯 - 📸 🚨
📌 #Price has finally closed below 0.236 (or 23.6%), $6.7945 price level. Therefore, we can likely consider Wave i (in blue) complete (unless it validates the correction by breaking the high above $7.2150). Wave 1 is always the hardest to forecast anticipated completion zone.
📌 Like I previously...
We can see that APE is on a strong upward trajectory out of a recent consolidation that was put in from mid-June to mid-July. I am looking for this uptrend to continue using the support of that consolidation at least over the next 10 days and have a target of approximately $9.50. I will leave it up to you as to where you want to leave your stops and where to take...
APE had a slight downtrend because of the market and dollar gaining ground affecting all crypto. We are still range bound and on track for the next move. APE can be very volatile so be prepared for $0.50-$0.65 cent movements. These movements seem to always recover in time and it happens because of short market sells hoping to hit stop losses. This causes the big...
Inflation fever and we ought to be careful.
When reality knocks Bananas become an expensive little luxury...
Time for a short here, once again:
PS. It will be time for bananas again sooner or later..for now we stick to the bread and the butter
I shared this one with my group yesterday. Ape getting ready to make a move. Volume metrics showing pronounced decreases in supply pullbacks as the price trends symmetrically, with demand slowly increasing to the upside -- that's a formula for a potential markup. Let's see if we can swing this Ape to the 1.618 - 2.0% Fib zones. Get in and out if you can. Last...
Massive drop, again but we see some support here, for now.
Could be good for day trading but mind the market is bearish so some short positions are needed.
For us that is APECOIN amongst others.
a rebound is possible but 4,6 is resistance we wait to go short again.
APECOIN has been nice to us. How about a new short?
3,6$ and 2,9$ are the 2 targets we are looking at.
Not going to look into fundamentals this time, just renewign short positions.
APE 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.