>G/N coming down off a strong supply block;
>previous downside move was support with heavy selling pressure.
>V-shaped recovery expected to terminate from this level.
> Risk to reward is favorable; Target lowest low.
Technical market sentiment is strong bearish on macro timeframes.
> $APE coin highlighting a previous level of demand.
> Trend is still down, potential for 20%+ upside
>> RR = 2.67~
> $APE coin highlighting previous levels of demand.
> Decent potential for a move up off the current level with moderate SL.
> potential estimated 20%+ move
>> Target level is a cluster of resistance and supply across structure...
- BTC currently testing demand zone from March
- potential Wolfe Wave here
- Would change profit taking strategy for 70% at (4) and;
- the difference at (2) (SL to BE after (4) is hit.
- Also an XABCD pattern to add a decent confluence.
Note: a bit of caution here as the weekly is looking pretty bearish.
do your Due dil.