APE
APE/USDT Technical Rally: From $1.70 Support to $10 Target!APE/USDT Technical Analysis: Potential Upside Amidst Support and Oversold Conditions
NYSE:APE is currently valued at $1.84 and is showing signs of being oversold on the charts, indicating a potential for a significant upward movement from its current level.
Key Observations:
Oversold Territory: The current chart analysis reveals that NYSE:APE is trading in an oversold area, which often suggests that a price reversal or strong bounce might be in the offing.
Solid Support at $1.70: The coin has found substantial support at the $1.70 mark. This support level could act as a buffer against sharp declines, potentially contributing to price stabilization.
Long-Term Accumulation Potential: While minor corrections could occur, the overall sentiment suggests that accumulating NYSE:APE for the long term could be a prudent strategy, given the current technical outlook.
Proposed Entry Points:
Entry 1: Consider initiating a position between the price range of $1.80 and $1.60. This zone provides an opportunity to enter the market before potential price gains.
Entry 2: For more risk-tolerant investors, an entry range of $1.20 to $1.00 could be explored. This range might yield greater rewards but comes with increased risk.
Price Targets:
Target 1: If the coin manages to breach the $4.50 resistance level, a price target of $4.50 is feasible. A successful breakthrough could trigger a significant upward movement.
Target 2: In the event that NYSE:APE surpasses the $4.50 level, the next targets to watch for are $10 and $15. A sustained move above $4.50 might generate momentum to push the price further upwards.
Conclusion:
Considering the current technical indicators and support levels, NYSE:APE appears to have the potential for substantial price movement. The oversold conditions and the presence of a strong support level at $1.70 add credence to the possibility of an upward trend. Investors may consider accumulating at the suggested entry points, with an eye on the resistance level at $4.50. If this level is breached, the coin could experience a significant rally towards the $10 to $15 range.
APE. Stress test.A rather negative mood prevails in APE community. Although the forum is quite active in terms of proposals... Probably in the foreground they still have NFT rather than APE.
Well, we have a 71% fall in half a year. A decline at a time when the market has taken a relief rally. If, over time, APE drop to less than $1, I will buy, it will make sense, but only for the speculation purposes. There is still a lot of hype in capitalization at this point.
APE IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the APE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
APE Analysis: Seizing Bullish Momentum!Macro PVVM (Long-Term):
The range for Macro PVVM in the last seven days is from -83.65 (minimum) to -21.71 (maximum), suggesting a shift from a strong bearish trend towards a less bearish or possibly bullish trend.
Micro PVVM (Short-Term):
The mean Micro PVVM value is 32.33, indicating a bullish movement in the short term. The range for Micro PVVM in the last seven days is from -3.19 (minimum) to 48.83 (maximum), suggesting a strong bullish movement in recent days.
Key Takeaways:
• Despite the overall bearish trend indicated by the Macro PVVM, recent data shows a possible shift towards a less bearish or potentially bullish trend .
• The Micro PVVM indicates a bullish movement in the short term, especially in the recent week. This could be an opportunity for short-term traders.
• The asset seems to be showing signs of strength, making it an ideal scenario for a long entry according to the PVVM rules.
Trade Idea:
Considering the recent bullish movement and a potential shift in the long-term trend, a possible strategy could be to enter a long position on the asset. However, traders should keep a close eye on the Macro PVVM to ensure that the shift towards a less bearish trend continues. If the Macro PVVM starts to decrease again, it may be a signal to exit the long position and possibly consider shorting the asset.
Price Prediction for the Next 7 Days:
Based on recent momentum, we could expect a potential continuation of the bullish short-term movement to hit $2.53.
IWM Russel 2000 - No Love For Small CapsI hadn't really looked at IWM until a follower asked me about it on Twitter, and after thinking about it for a few hours and comparing it against SPY and QQQ, I realized that it's not that IWM is lagging, it's that it's not going to follow the recent mania.
Some wisdom I heard recently is that breadth is important in markets because it indicates a large amount of liquidity has entered or left, indicating the emergence of new bull and bear markets.
Unfortunately, with the exception of Friday alone, breadth has been terrible in this debt ceiling crisis pump, which means even though Nasdaq is flirting with 15,000 and SPX with 4,300, it's a bullish impulse within bearish macro conditions.
There's a lot of trouble on the horizon with the 2024 Presidential Election close enough that the game has to played and the trouble brewing in mainland China with the Communist Party being about to fall and the globalist bloc struggling to either cuckold or depose Xi Jinping.
What a bullish impulse in a bearish macro framework means for small caps is that although Microsoft, Nvidia, Google, Tesla, Amazon, Apple might pump, liquidity is not going to be going "risk on" on small caps and zombie corporations.
Instead, prices will be driven lower because as they sell the cycle highs in the blue chips, they'll be bidding a portion of their profits with lowball asks on small caps for the purposes of pumping them, and then dumping them, on retail's head after interest in the big names has become exhausted.
Those very large lowball asks will lead the algorithms to drive price towards them because the algo is designed to generate volume.
But on small caps, unless the company has significantly exceptional fundamentals, your expectations on how high it can go and how long it can go for during a reversal will have to be quite reserved.
In other words, if you missed the July '20 to October '22 pump on IWM then you missed the train and it's never coming back.
It is what it is. Just accept it.
You can make a lot of money trading puts on this thing on the way down.
It just means that if it really does bounce around $125, your expectation for where it can bounce to shouldn't be a new ATH, but probably back to $170.
Again, you can make a lot of money trading calls from $125 to $170.
But if you want to bUy tEh bOtToM fOr thE mOaSS and think you're going to get a 50 bagger instead of a "tiny little" 5 bagger, you're going to blow your account.
And if that's who you are, it's probably better you blow your account and go back to working a real job and learn the value of money again.
So here's the trade.
This recent breakout looks like it's just a consolidation squeeze. It's going down. But it might screw around for a while and could be as annoying as trading over $200 again. It's really hard to say.
Areas you'd really like to short and/or buy puts are called $188 or $190.
You'll need 4-6 months or so to get to the $127 level.
But either way, the R/R on a $188 short with a $212 stop and a $130 target is almost 7 to 1.
Go do sports betting for a while and enlighten to how hard it is to hit a +700 if you don't think that's a worthwhile trade.
You need to quit wanting to get rich quick. Getting rich isn't important and it isn't even valuable. What you need is to wake up to what's important in life and what you're really here to do.
And that question is answered in mankind's traditions and that 5,000 year old culture sitting in Mainland China after the CCP is utterly annihilated.
🔥 APE Double Bullish Divergence Signal: Big Reversal BetAPE is one of the weaker alts of the last two months. However, that doesn't mean that there's no money to be made. This signal is based on the idea that the bullish divergences will lead to bullish pressure in the near future.
For this trade to activate we will wait for the price to close the daily candle above the most recent local high. Stop under the recent lows, target at the 2023 highs.
If you trade more defensively, consider taking (partial) profits around 2.5 and 4.5
📈 $APE Wedge Setup Identified! 📉Hey traders! I've identified a potential wedge setup on NYSE:APE that could present an exciting trading opportunity. Let's dive into the details!
📌 Ticker: NYSE:APE
📌 Wedge Pattern: Identified
📌 Timeframe: 2 day RSI - Wedge Identified
📊 Chart Analysis:
The price action on NYSE:APE has formed a wedge pattern, characterized by converging trendlines. This pattern typically indicates a potential breakout or breakdown in the near future.
📈 Bullish Scenario:
If the price breaks above the upper trendline of the wedge with significant volume, it could signal a bullish breakout. This may lead to a potential upward move in the price, presenting a buying opportunity.
📉 Bearish Scenario:
Conversely, if the price breaks below the lower trendline of the wedge with significant volume, it could indicate a bearish breakdown. This may result in a potential downward move in the price, offering a potential selling opportunity.
💡 TradingView Analysis:
For a more detailed analysis, feel free to check out the chart on TradingView using the following link:
📣 Let's connect and discuss this potential trade setup! Share your thoughts and analysis in the comments below.
🔔 Don't forget to follow for more updates on NYSE:APE and other exciting trading opportunities!
#APE #WedgePattern #Breakout #TradingOpportunity #TechnicalAnalysis #TradingViewAnalysis
Disclaimer: This is not financial advice. Remember to do your own research and consider your risk tolerance before making any trading decisions.
Happy trading, and may the markets be in your favor!
STP - Professor Node It All
📈 $APE Unveiling a Promising Node Falling Wedge Pattern! 🐵📉$APE/USDT has caught our attention with a notable Node Falling Wedge formation. This pattern signifies a potential bullish reversal and presents an intriguing trading opportunity. 🚀💥
Will $APE/USDT break out of the wedge pattern and ascend to new heights? Join the discussion and let's unravel the potential of this exciting cryptocurrency! 📊💬
#APE #NodeFallingWedge #BullishReversal #CryptoTrading #TradingOpportunity #TechnicalAnalysis
#Crypto #Trading #TechnicalAnalysis
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Happy trading! 📈💰"
Remember, trade wisely and manage risk effectively!
AMC Shareholders approved combining AMC shares & APE units !Even though I was one of the first to signal you about the AMC potential to become the next GME Gamestop:
Today I want to share with you my Bearish Thesis:
In my opinion, there are factors that suggest AMC Entertainment Holdings (AMC) may experience a decline in share price following the APE (Additional Paid-in Capital) conversion. The approval of combining AMC common shares and APE units by an overwhelming majority of shareholders (87% in favor) indicates a significant increase in the capacity to issue additional common shares (88% in favor).
The increased capacity to issue common shares can potentially lead to dilution of existing shareholders' ownership. As more shares are issued, the existing shares represent a smaller portion of the overall ownership in the company. This dilution, coupled with the potential influx of additional shares in the market, can put downward pressure on the share price.
Furthermore, the approved combination of AMC common shares and APE units may result in increased selling pressure as some shareholders may choose to liquidate their positions. This increased supply of shares in the market can further contribute to downward price movement.
Considering these factors, my price target of $3.80 by fall reflects a bearish sentiment for AMC's stock. It is important to note that the price may even go lower due to the potential dilution and increased selling pressure resulting from the shareholder-approved measures.
Looking forward to read your opinion about it.
AMC Breakout Alert $we about to have another test for 2$ level where we going to have huge pump in the price and short cover towards 2 levels of profit taking .
ApeCoin Ape price is weak and still down-trendingWhile most altcoins recorded the bottom of the decline on June 10, the APEUSDT price decided to be more "creative" and continue to fall further.
Over the past 3 days, the price of BTCUSDT has grown by +17%, by the way, at this idea we updated target:
And the APEUSDT price has added just +22% since the bottom, which is a very weak result, frankly speaking. Therefore, we don't want to draw super upward arrows that the price will soon grow and give vain hopes.
Now, the first and only task for APE buyers is to create at least some interest around the coin and raise the price to at least $2.90. This level was a strong support for the APEUSD price at the end of 2022, when the BTC price was around $15k (and now the price is twice as high - 30k)
What will happen next with the APE price is difficult to predict, we will need to observe and analyze the dynamics of events in the future. So if you are interested in further analysis of ApeCoin from us, write about it in the comments, and we will analyze the APE price movement more often and published on Tradingview
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