APEUSDT trade ideas
APE Ready to Drop!? Look for These Signals to Maximize Profit!Ape Coin has been in a sideways holding pattern for about a month, unable to break and hold over $1.50. Are these failures a death sentence for Ape? There are several data points to take into consideration and they don't all point in the same direction.
How do we trade this?
In a bull channel, it's reasonable to have a long bias since the probability of profit is greater. That data point must be contrasted with the 5 failed attempts to break and hold $1.50 and the RSI hovering around 50, which doesn't support bias toward either side.
It's reasonable to wait for more price action until the next move becomes more clear. Either a final capitulation to the upside with a sell signal, or a buy signal at bull channel support is ideal. A confirmation bar after either signal gives us enough to reasonably enter a trade. Until then, remain on the sidelines.
Key Points
1. Bull Channel, Long Bias.
2. 5 Failures to Break and Hold Above $1.50
3. Watch for Pullback to $1.25
4. RSI around 50 and on the Moving Average, Indecisive.
5. Look for Bounce or Breakout at Bull Channel Support.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
APE - DEEPER RETRACEMENT BEFORE NEXT PHASE
This scenario, we will be having $apaeusdt invalidate the first scenario quite because there are lots of liquidity below for grab and that will lead to a deeper retracement to at least 78-90% Fibonacci level before the bull run continues.
Invalidation level for this scenario is the previous low (origin of wave 1-ornage).
At this point it is good to find your common ground depending on the kind of trader you are. If you are a holder you might want to ignore the noise and focus on the bigger picture which is the higher target on the contrary a scalper might want to take some profit or stick to tight stop loss thereby using the first scenario as guide (see first scenario on page for context).
$apeape is bullish
100% profit
LQ+OB
What Is ApeCoin?
ApeCoin 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.
Long trade setup for APEUSDTFor the BINANCE:APEUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 1.393
Target: 1.512
Stop: 1.235
Cost Reduction: 1.327-1.306
The profit is reasonable relative to the risk.
*This is not investment advice; you can lose money. Crypto AI Signals is not responsible for any trades. 🚫💰
ApeCoin Weekly Analysis - About to Reach New All-Time Highs?Ape has been in a descending wedge pattern since the spring of 2022, a bullish pattern in which we should be looking for long entries. A breakout of the wedge pattern is ideal with a strong bull bar closing near its high. This bar would be our confirmation of a breakout, preferably above the Weekly 30EMA. My Bitcoin 4HR and Weekly analysis show a pullback is happening, which will not aid the crypto market in upward price action, including Ape.
Key Points
1. Descending Wedge, Bullish Pattern
2. Has yet to break the Wedge Pattern
3. Risky coin, long with caution
4. Bitcoin leading indicator, pull back before long.
5. RSI is around 37.00, plenty of upside
Ape is a lower 100 crypto market cap coin and should be considered a very risky trade. One option is to fade your position toward the downside with a reasonable-sized position based on your total equity. If you're looking for a higher probability of profit, wait until the confirmation of a bull breakout above the descending wedge/30 EMA. If Ape remains in the top 100 crypto market cap and breaks out, look for a confirmation off of the wedge top followed by newer highs!
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
APEUSDT"As we enter the bullish season, the initial target to aim for is
target : 20 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
APEUSDT bullish momentum? 👀 🚀 APE Today Analysis💎 Paradisers, turn your attention to APEUSDT! We've observed it firmly holding onto a pivotal support, hinting at a potential bullish surge ahead.
💎 Despite the recent dip influenced by market uncertainties, APEUSDT appears to be regaining its bullish momentum. Having already touched its all-time low, there's a strong sentiment suggesting a possible upward trajectory.
💎 The VRVP's pronounced volume further underscores this bullish outlook, indicating a robust potential for an upward shift. Additionally, its current position within a demand zone amplifies this perspective. However, should it breach the support level, brace for a potential decline.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
📊Expectations for #APE future development trajectory☕️🤯Unfortunately, we are only 6 points apart from the successful entry, the pursuit of perfection also means that we may miss the market opportunity, but it doesn't matter, there are many market opportunities, we will continue to look for, and cancel the market traps arranged in advance, I will re-develop the trading strategy.🕳
➡️For APE, the general direction is the long structure, we are currently in the position below the target area of the big double bottom structure, so consolidation and even decline correction in this interval is very reasonable, because everyone is more divergent Ah.
‼️However, if we look at the structure, a smiley bear structure is formed in the resistance zone, so the short structure appears, which means that in a short time, we will be biased to the direction of the short to move.📉
🧠If we form a large smiley bear structure as we move, then we are likely to go near key support areas🎯
Let's see👀
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APE/USDT Success Reclaim the Key area. Ready to Upward Move?💎 APE has undoubtedly garnered our attention, having successfully regained its footing in a previous support zone. Currently, APE faces a challenge at the supply barrier, a critical juncture it needs to overcome to pursue further ascents and potentially shatter the constraints of the descending channel.
💎 Failure to do so could see APE rebuffed at this hurdle, retreating to reassess its stance at the $1.085 support mark, gathering strength for another attempt to breach the supply blockade and the overarching pattern.
💎 However, a less favorable turn of events could unfold during its reassessment phase. Should APE falter, failing to maintain its position within the support zone, and particularly if it breaks below and seals its descent with a closure beneath this threshold, it could set the stage for a continued decline toward a significant support frontier.