ApeCoin been in a downtrend almost since birth, and it seems it formed a descending triangle pattern. Recently, APE bounced off the bottom line of this triangle and started an upward wave. Let's see if APE can break the triangle pattern upward or not.
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It seems APE finally made a reversal. Let's see what happens.
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So, after APE broke the major downtrend line, it made a pullback, and now is going up.
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So, APE reached the first horizontal resistance area, but couldn't break it. Thus, APE went into correction. It seems APE in moving in a minor ascending channel. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.