APEUSDT
$APE COIN (Bored Ape Yachts) Head & Shoulders Short ConfirmationThe head and shoulders on the $APE Coin chart have played out exactly the way I expected and I am currently in a short position accumulating more and more $APE.
I believe that we will see a move back to the .618 Fib level before can make a potential move upwards; however due to the very recent release and massive hype since its listing on major exchanges; if you've been in crypto for a few years now, every new coin dumbs, before it consolidates and pumps to higher highs.
Targets between the green take profit areas
SL: 12.4590 - you may move your stop loss in front of your entry or break even.
Enjoy your profits everyone!
APE Apecoin: 1H Chart UpdateHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD).
Apecoin's RSI is very important to give a determination of where price may be headed yet. The price is sitting inside a Support and Resistance area currently.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$APE COIN (Bored Ape Yachts) Head & Shoulders Short Scalp UpdateWe are currently 9.46% in profits from our short position entry from the head and shoulder formation on the 1hr chart for $APE.
We have traced back to the 0.5 Fib level multiple times and $APE has been holding above this resistance band quite well.
Though this head and shoulders formation is playing out, I do believe that we may drop down to the previous 0.618 fib retracement that is in white before continuing a move upwards, however for now I am short.
APE Apecoin: 1H Chart ReviewHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD).
Apecoin is inside a descending channel. Keep an eye on the RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
GREEN BOX MUST HOLDThere's a couple things on APE im seeing:
Since there isn't much price history for this we can really only analyze it on the smaller timeframes. And even then, not much price history so a lot of APE analysis you see, including mine, could likely be a shot in the dark.
1) We have set a lower local low. If we set a local lower high then the previous uptrend is now done.
2) We have flipped the up trending zone of support to resistance. Not a great sign.
3) We have broken the ema ribbon and ichimoku bearish.
4) The green box has to hold as support or else we will likely move to $9
5) I would be careful with this coin. It is extremely new and has already surpassed a lot of coins in terms of market cap.
In my opinion, the confidence in this green box isn't high.
This is not financial advise and always remember to do your own research before entering a trade.
🚀 APE Chart Analysis 🐒APE is currently in a consolidation phase after much of the hype has died down from the launch of the coin.
There are a lot of promises with this coin that will take some time to actually become a reality and so I think we can start to think to either take profits on longs/holding or even start shorting.
We are struggling with the $14 level and I have drown out 2 possible scenarios for APE.
We have a bullish and bearish scenario.
$APE Next Leg up is hereBullish $APE here, and long term. So much firepower behind the brand. Much more than any other Token has seen in terms of Celebrity and W3b 3.0 Innovators, Influencers, and Tech. In terms of the Chart, $16, $16,23, $16.44 are my price targets on this leg up. Most likely will require a break of $48K by BTC first.
$APE BREAKOUT, NEXT TARGET?First of all, what is ApeCoin?
It 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.
$APE price is up +1000% since launch, now price has broken above $15 and we are waiting for a daily close above it to look for a potential +20% move.