Apeusdttrade
APE Short ScenarioBINANCE:APEUSDT Signal
Entry - After breakout of channel
Target - $14.3
Invalidation - Top of wave 5
Risk to reward ratio - About 3.5
Technical confirmations
Price is forming an ending diagonal.
Full cycle of Elliot wave impulsive part is coming to an end.
When the price will break the channel then correction will start.
RSI indicator is showing weakness on 1H timeframe.
AROON indicator is showing loss in bullish momentum indicating that soon the price should reverse.
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APE/USDT TA Update:-
TimeFrame :- 3H
$APE is currently trading at $17 levels.
Price is consolidating in an Ascending Triangle Pattern.
Both sides trade opportunities available once it gives a breakout on either side of the Pattern.
1 ) If Price Breaks Resistance zone-
Target:- $20 or much higher Targets can be achieved.
Stop loss :- $16
2 ) If Price gives a Trend line breakout downside.
Targets :- $13.8 & $12.1
Stop loss :- $17.9
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