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APEUSDT

APE/USDT Update 📈📉SUP GUYS ! As I mentioned before In the last analysis for APECOIN , it declined exactly to the lower support again ,and wasn't able to overcome the pivot zone and the fell on the lower support zone ! ( => -37 % short (1x)🎯💰 ). So today as we can see in 4H time frame, if apeusdt be able to maintain current support zone , the next target is the higher zone ( previous pivot zone ) , as before, my main target is still about the WVAP line ,if only if breakout the pivot zone with good volume as confirmation . but take it in mind as may know , in crypto market everything depends on btc movements , and recently btc dominance has increased that can effects on altcoins. thus there is still a possibility to decline more , to LL (Lower Low) to form a double bottom pattern then rise ,or even fall to lower support lines ! ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
by PRO_SMART_Trader
4
APE's Situation ExplainedAPE is in a Bearish Flag Pattern and It means the Price Is gonna Fall Soon But also We can Forget about That Pattern and Consider that an Ascending Channel Is On The chart. In that case The Price is gonna Increase! So Since there are no Break outs, As soon as a Break out Happens, we can Make a Decision about it. In Bearish Case Price will Reach 3$. in Bullish Case Price will reach 23$. -APE Is in a Bearish Flag and also an Ascending Channel -The Price can Go Both Bearish and Bullish Way and we shall See what is gonna Happen Soon -Bearish :3$, Bullish 23$ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
11
APE back to $5 and RSI TAOne of my favorite and most helpful tools when doing TA is identifying patterns on the RSI. Many understand that patterns like wedges and channels are extremely helpful in increasing the probability of a trade but many don't know that you can do the same with the RSI. I have a few examples of this on my page but here's another one before the fact. The RSI broke the ascending triangle to the downside and is in the middle of a bearish retest and potential rejection. When the RSI breaks down before prices it usually means prices will follow.
COINBASE:APEUSDShort
by CryptoNCoffee
3
What's Next On APE (complete analysis)Interesting fact about the current APE situation here I give detailed analysis. First, Ape breakdown from the overall 70% Fibonacci retracement which is unlikely, then it went further to break the 100% Fib. retracement again this is very unusual considering how bullish the APE market was but it happened due the the overall catalyst (BTC, UST, LUNA). Now here comes the big question, are we done with the downtrend? Yes we are. How? On the right hand side you can see that a break of structure (BOS) occurred causing the manipulator, market monger, stop loss hunter (whatever name you give them) to take/provide liquidity, wait that's not enough, yea but I have more. On the chart you can see where I annotate HL(higher low) and LL(lower low) while the RSI indicator forms the opposite LL,HL which is a strong bullish divergence Now we have 2 scenarios the symmetrical triangle or the descending triangle. If the symmetrical triangle breaks down, you might want to watch out for the descending triangle before exiting the trade if you check my previous analysis on symmetrical triangle you will notice I mostly have 2-3 backup plan for it. Unless I see a divergence at the oversold region of the RSI or again some unfavourable fundamental news and of course possibly BTC dump, I am holding my long position on APE. Build your buy/long position in between the 0.78 Fib. retracement and 1.00 Fib. retracement price level and set your stop loss at $6.55 for mid - long term while for short term set stop loss at the breakdown of the symmetrical triangle to the especially if price closes below the 100% ret. level ($7.280). Have a suggestion? What do you think comment below, like and share also see t.me/dewycandles for records of profit bagged from our APE analysis.
Long
by DewyCandles
2