APE as of this posting is currently registering huge net buy volumes -- conveying longers to be positioning in anticipation of the breakout season of the market.
APE is sitting at major order block support at 3.0 levels -- the strength of this level is unquestioned.
The price range is at a very discounted level FIB wise. Best level to seed.
Spotted at 3.30
TAYOR
Safeguard capital always.
APE is sitting at major order block support at 3.0 levels -- the strength of this level is unquestioned.
The price range is at a very discounted level FIB wise. Best level to seed.
Spotted at 3.30
TAYOR
Safeguard capital always.
Trade active
WEEKLY DATA UPDATE:WEEKLY SHIFT has commenced.
Expect some more than average upside moves from the current price range.
Spotted at 2.068
Trade active
Some news on APE.Polygon Proposes Custom ApeCoin Layer-2 to Scale Ecosystem
Oct 11, 202319:23 GMT+8
KEY POINTS:
Polygon Labs suggests ApeCoin DAO to create ApeChain, a zero-knowledge rollup sidechain.
ApeChain would use Polygon’s Chain Development Kit (CDK) for easy deployment and modularity.
Sandeep Nailwal, Polygon’s founder, says ApeChain aims to offer low fees, creating blockspace for ApeCoin projects.
Polygon Labs has proposed that ApeCoin DAO develop a custom zero-knowledge rollup sidechain to enhance the scalability and growth of the ecosystem. Dubbed ApeChain, the zk-Layer 2 would leverage Polygon’s Chain Development Kit (CDK), allowing frictionless deployment with an emphasis on modularity.
According to Polygon‘s founder, Sandeep Nailwal, the dedicated chain with ultra-low fees would create premium blockspace for ApeCoin projects, driving further adoption of the ecosystem.
By offering sequencing rewards and staking yields, Polygon contends that an ApeCoin-specific chain maximizes community benefits while solving scalability limitations. This aligns with ApeCoin’s mission of facilitating community-led initiatives advancing web3 culture.
Integration with Polygon’s architecture would also bring interoperability with solutions like Polygon PoS, Polygon zkEVM, and Polygon Miden. This promises to amplify development and composability within ApeCoin’s ecosystem.
Polygon notes that the CDK has already seen strong adoption of underlying chains like Immutable zkEVM, Palm Network, and Astar zkEVM. The framework is designed for flexibility when scaling Ethereum while remaining decentralized.
Some of the value propositions of the new proposal include improved security using Polygon CDk, low fees, shared liquidity, customizability and interoperability, near-instant withdrawals and fast finality, implementation partner and architecture considerations, and ecosystem development and support.
However, some community members argue that ApeCoin should remain firmly within Ethereum‘s ecosystem based on a previous DAO vote. The question of a dedicated chain thus remains contentious.
Polygon’s proposed ApeChain is likely to face obstacles. However, the array of features proposed true scaling of the ApeCoin ecosystem.
Trade active
Weekly data update:We got a breakout based on weekly metrics.
The base has been cemented. Expect some more than average upside movement from the present range.
The RR ratio on this one is mind blowing -- if you're looking at its previous peak at 28.0. That's 1 is to 28. You can do the math.
APE is one of my favorite setups right now.
Spotted at 1.0
TAYOR.
Trade active
moving nicely. :)Trade active
Monthly data update:Since our last update APE already registered +40% gains and it's just starting.
Based on monthly metrics, more significant price growth is expected.
First monthly positive net volume has been registered since Feb. 2023.
Last chance to seed is this year.
Spotted at 1.40.
TAYOR.
Trade active
Daily data update:STRONG BUY!
We are now at the triple bottom based on long data metrics. The probability of strong short squeeze to 2.5 is very high. 2.5 is the interim target with 6.0 as the 2nd target.
ATH of APE is around 26.0. That RR ratio should give you an idea of the possibilities.
Note
Spotted at 1.2Trade active
$1 base line is super strong and unbreakable at this point. Tested by multiple visits.All time low is at $1.01 on October 2023.
That data is good for those who want certainty in trading.
Trade active
Upside pressure buildup continues as price has consistently created higher lows this past attempts.Expect some series of ascend from the current range.
Spotted at 0.60
Interim at 1.0
TAYOR.
tvc-invdn-com.investing.com/data/tvc_cae3d4729e041366b649bdabe6c29ce5.png
Trade active
+20% now from our spot yesterday.Trade active
Generous gains by APE - from our 0.60 spot 2 days ago.Congrats holders.
Trade active
1.0 target achieved. Our spot from few days ago has aged well.
Congrats holders!
More rise is expected.
TAYOR.
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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.
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.