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Apeusdtsignals

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). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
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. *** *** 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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1