APEUSDT
APEUSDT 3rd rejection on the 1DMA50 but leads to buy opportunity*** ***
For this particular analysis on ApeCoin we are using the APESDT symbol on the KuCoin exchange.
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The idea is on the 4H time-frame where APE had yesterday its third rejection on the 1D MA50 (red trend-line) in the span of 1 week. Even though this has the technical ability to deliver a short-term pull-back towards the 4H MA100 (green trend-line) and the 4H MA200 (orange trend-line), it may present a good buy opportunity on a 1 month horizon.
At least that's what happened on the June 26 - July 08 fractal, where APEUSDT had a pull-back to the previous low, following a Triple Top rejection, but then started a strong 1 month rise to the 2.5 Fibonacci extension level. If the same price pattern is followed, APE can reach the 2.5 Fib within $8.25 - 8.50.
This time there are additional bullish dynamics that may assist. The 4H RSI remains on Higher Lows, but has a clear Resistance a little over 80.00, while the 4H MACD is on a Bullish Cross since the September 07 Low.
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APE achieved a strong target, 22.19% profit so farIts amazing
22.19% profit so far
Good Sharp move with APE that introduced for long during red market days.
It is well on its way to its goals, touching its strong 5.7 level.
Note*
In the 1-hour time frame with RSI, a Peak Convergence is seen.
See my previous idea! :)
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ApeCoin APE bearish sentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
APE/USDT short
Entry Range: $5.30 - 5.65
Price Target 1: $4.58
Price Target 2: $4.19
Price Target 3: $3.20
Stop Loss: $6.15
APEUSD | Wave Analysis | Bullish Triangle ABCDE ProjectionPrice action and chart pattern trading setup
> A possible upcoming bullish triangle ABCDE wave within 1-2 months
> B-wave retraced 0.786 of A-wave and recent C-wave retraced exactly 0.786 of B-wave.
> Expecting uptrend D-wave at 0.786 of C-wave with an inverted head n shoulders reversal pattern.
> Entry: head n shoulders breakout
> Target: D-wave position +30%+
> Stoploss: right shoulder -10%
> RRR: 3:1
Indicator:
> MACD above signal line just below 0.
> RSI bullish momentum rebounded from MA line
Nothing is 100%, always trade with affordable risk and respect your stoploss
APE Long position in short- and mid-timeApeCoin 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.
Buy setup
Entry : 4.18 - 4.63
SL : 3.82
TP1: 4.69
TP2: 4.76
TP3: 4.84
TP4: 4.93
TP5: 5.05
TP6: 5.2
TP7: 5.4
TP8: 5.7
TP9: 6
TP10: 6.9
TP11: 7.5
TP12: 8.25
TP13: 9
TP14: 10.2
Spot and Future (1x, 2x, or 3x)
Run and keep it enjoy!
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APE COIN GOING TO ESTABLISH NEW LOWSimple head an shoulders on the daily with volume decreasing.
I've been watching APE since the token was released and it really looks like it's about to dump again.
If it breaks through the floor of 3.06 there is no telling how far it could drop watch that level.
Full Disclosure: I m completely out of APE and nd waiting for an established bottom.
Not Financial Advice
APEUSDT 12h Correction ends, soon a strong Apecoin movement upMore than a month ago we published the idea of a APEUSDT trade pair
Then we warned that you must be careful with the longings, as a deep correction could begin.
So it happened, the APEUSD price reached the liquidity zone $4.25-5.25
Now the APE price is a second retesting above the above-mentioned liquidity zone, which gives good conditions for a set of medium and long -term position:
Entrance in the range of $4.72-5
Stop below $4.1698
Take Profit $13.44
Profit/loss ratio 12.5/1
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Keep an eye on APE - could make a move soon!Here's a quick Look at APE 30 min chart.
The best entry would be when the price breaks above 5.51$ 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 5.51$ and take profits at the levels shown in the chart.
Targets:
1. 5.57$
2. 5.7$
3. 5.8$
4. 6.2$
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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 : BACK IN TREND WITH 2 HIGH TARGETSAPE seems to be on trend since also the last update about it did by 10% increase
There are 2 important targets that APE can target.
APE seems also to have some new partnerships with known brands. we will see or this will affect the price coming time.
The first structure volume was here