It has created a triangular market
Below the triangle there is a range that has been broken and turned into resistance
The market can fall below this range and continue to fall
We must place the stop loss above this range because the market may move into the range
Around two weeks ago I made an analysis on APE and the falling wedge break out that had occurred. My initial two targets got hit for a nice ~50% gain, congratulations if you took the trade.
At the moment, both APE and BTC seem a tiny bit overextended after yesterday's move. I'm looking at the yellow support area to enter on a small pull-back.
Targets in blue.
Apes together strong !? ApeCoin price today is $5.8 with a 24hour trading volume of 340 million dollar. APE price is up 4% in the last 24 hours and 64% up since last month
ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE...
Much like blue chip NFTs, APE is still forming an accumulation base. Eyeing $6.4ish region as a short term target. If we get PA mimicking the squiggly, looking to trade it over the coming months till May. Mid-term target at ~$17.5-18.5, FVG from initial drop in '21 and coincides with the 0.618 Fib retracement.
In recent days, the APEUSDT price has started to grow quite well, but the trading volumes are far from those that were six months ago.
Now the ApeCoin price hit a fairly wide liquid zone and could not pass it the first time. Well, this is logical, because in the liquidity zone of $4.25-5.25 there will be many people willing to sell their APE.
APE coin looks very strong at this moment, also thanks to President Donald Trump and his NFT collection. That is also great news and an important catalyst for the NFT coins, such as the APE coin.
APE coin is currently breaking out of the falling wedge pattern on the daily chart! The main downtrend wave has been completed, and now we are looking for a bullish...
I'm seeing a bearish divergence on the RSI and since we broke out of this inverse head and shoulders, but had not had our re-test yet, maybe something is cooking here. I think we have to be ready for a possible re-test of the neckline, which coincides with the bottom of the bollinger bands.
If we do drop there, im buying. Such move is not guaranteed by any...
Recently I've made an analysis on APE where I discussed the falling wedge pattern on the chart. As of today the price has broken out of the wedge and retested the top resistance as support, making this breakout even more credible.
I'm looking at $5.30 as my main target, potentially $6.40 if we see some kind of big pump over the next weeks.
Ape Coin (APE) technical analysis:
Trade setup : Following a bullish breakout from Channel Down pattern, trends reversed to bullish. Price now broke above $6 resistance, showing strength and Uptrend continuation. Could revisit $7.50 next.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish ( MACD Line is above MACD...
Today I updated Roadmap 💀ApeCoin💀 for you.
I suggest you carefully read my previous post about ApeCoin (according to my analysis, ApeCoin moved well).👇✅😎
ApeCoin is moving near the resistance zone on the daily time frame; also, it seems the D point of the bearish AB=CD harmonic pattern has formed in the TRZ(Time Reversal Zone).
I expect ApeCoin to decline to...