ApeCoin | Bullish Channel - Price May Rise AgainApeCoin | Bullish Channel - Price Can Rise Again
During the last days price broke out from a bullish channel.
We can see the price to rise as the chances are higher for the bullish move.
One thing that we have to be careful as that ApeCoin and all the crypto market
is moving with a very low volume and this may impact our pattern as well.
Targets on the chart!
Thank you and Good Luck!
APEUSDT
#APE/USDT 4HOUR UPDATE Hello, welcome to this APE/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-
APE is trading in a falling wedge pattern. The major support is the $4.00-$4.30 area on the daily time frame and this is also the support level of the falling wedge pattern. The resistance is the $4.55-$4.60 area and the major resistance is the $4.90-$5.00 area.
This is not a piece of financial advice.
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thank you.
APEUSDT Neutral within the Triangle. Wait for break-out.*** ***
For this particular analysis on ApeCoin we are using the APEUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where APE has been trading within a Descending Triangle pattern since the June 30 Low that started its Support. As you see the late price action is limited below the 1D MA50 (blue trend-line) and continues to trade sideways into its eventual exhaustion.
The 1D RSI has already made a break above its Lower Highs and the MACD a Bullish Cross so we are waiting for a break above the 1D MA100 (green trend-line) that will confirm the bullish sentiment and target the 6.3950 Resistance (1), where most likely will make contact with the 1D MA200 (orange trend-line) as well. A closing above it also further targets the 7.7700 Resistance (2), which is the top of the Triangle.
On the other hand a closing below the Triangle's bottom (4.1550), would be a bearish signal targeting the 3.0700 Support (June 15 Low).
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APE | The price needs to hold above 4.6 in order to rise furtherAPE | The price needs to hold above 4.6 in order to rise further
As we can see from the chart APE Coin reacted very well during our previous analysis.
Actually the price looks like it is positioned to create a bullish move but it is still
creating and expanding pattern.
Overall the price is in line with our bigger picture and it could rise more during
the coming days.
However the price needs to hold above 4.6 in order to rise further and quickly.
Thank you and Good Luck!
Previous Analysis:
APE / USDT, Falling wedge, potential breakout??Here's an analysis of APE / USDT, daily chart.
APE is looking very solid, with a falling wedge formation, which anytime could break out. Keep an eye on volume - which at the moment is underwhelming - if it picks up we can have a solid breakout move.
A possible strategy:
Wait for a long breakout confirmation around $5
Target 1: $5.4 (7.5% potential gain)
Target 2: $5.8 (16% potential gain)
Target 3: $6.4 (27% potential gain)
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Trade safely!
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About APECOIN:
"ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders."
Source: Coinmarketcap.com
Keep an eye on APE! Here's a quick Look at the APE daily chart.
The best entry would be when the price breaks above 5.1$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 5.1$ and take profits at the levels shown in the chart.
Targets:
1. 5.4$
2. 5.8$
3. 6.4$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
APE TIME BACK And BEST INCREASE OF THE DAY?APE TIME BACK
FIRST TARGET IS 5.39 USD
Let's see how this will affect the market coming time.
There was an update from 4 USD before but saw it was not more on TV, so for this reason did add a new one.
Will Ape have a new hype coming time since a long time ago?
The only sure is to know when we follow the market.
Most coins increase only for TP and most of the time it returns.
Will APE have really a building trend in the long term? and is there a signal that NFT could come back again = Chart that will show the coming time?
IF APE has the whale building increase what it seems, then it will hold value with time.
There is a difference between trading and building positions.
APE SCALP SHORTHello, dear traders. how are you ? Today we have a setup 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 WILL SOON FALLING TERRIBLYHello, how are you, dear traders?
I think APE is about to start a big C lag. I have two targets in mind and I think at least one of these targets will be seen.
What the chart shows is inevitable. You should make sure that every trade you open is in the low time and is associated with taking the trigger.
If you have any questions, ask in the comments
Thank You
BITCOIN 3D Update! Bullish or Bearish?According to the chart, in the three-day time frame, the trend line is broken in the important support area, and if this area is maintained, it can form an upward trend. If this range is lost, we will expect a drop to lower prices.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark
Third rejection soon be ready to short, 10k on the way!Hi Traders,
We closed out some amazing profits on recent shorts yesterday (just as price began to reverse);
XRP 0.53c -> 0.45
APE 5.2-> 4.2
BTC 20.3 -> 18450
I have now closed out the hedge longs with some small profits, they served their purpose.
I have made a quick (and rough) line drawing to illustrate current price direction, we have a big break out coming soon.
Now firmly believe and will be shorting this evening depending on how the US markets open, anticipation a small upward continuation overall but closing with some rejection wicks in critical areas.
The same for BTC, anticipation a pump to the 20k area for the 3rd and final major fake-out rejection before slowly downward this weekend.
MONDAY - has the making for a market crash, if one is historically wise they would know we have major pumps in the markets (2% for the stock market is on point) to clear late shorts and entice bulls BEFORE A MAJOR SELLING EVENT. So we are anticipation Sunday to be quite bearish for BTC and the smart money beings to exit the markets/MM remove liquidity holding price up.
Tonight should be the shorting opportunity before continuing below the 18k supports.
SO we are looking to up shorts on XRP/APE/ETH/BTC
I have chosen these coins specifically for the added % return on the drop, XRP obvious given the recent rise/APE given it is breaking downward out of the massive H&S looking to hit $2 or lower/BTC and ETH for obvious reasons and they have been held up better than some alts which are already too low to short.
Price would have to hit and hold above 20.8k for us to consider the bulls a chance as preventing such a collapse - but if we are honest, the macro environment is terrible and numerous events loom and catalyst for a dump to 10-12k (and the stock market similarly).
Also KSI tweeted 21k incoming yesterday, one would say that is a prime top signal (joking) ha.
I will follow this posting for the XRP/APE/ETH/BTC daily charts to show TP points for shorts... posting this in advance as an explanation.
Goodluck,
Asset Mastery
APEUSD: 65% correction warning distribution(SL/TP)(NEW)Why get subbed to me on Tradingview?
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APEUSD: 65% correction warning distribution(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: APEUSD daily chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: SYMM Triangle setup / BEARS
::: aggressive FED rate hikes guaranteed now
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 2.00/2.20 usd
::: 60-65% correction possible next
::: 4-8 weeks in October/Noveber 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible into FED to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +65% gains - near 2.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/65%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.