APE short - swing trade (update)APE pa going nicely and according to plan. Added an extra position on Sunday.
All in all the plan remains the same.
IF you've held since the top now might be a good moment to take some profits. DO NOT BE GREEDY AND TAKE SOME PROFITS ALONG THE WAY.
Personally taken most of my size on the trade (and intra trades).
Will let it play out for now with stops at be.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constituter financial advice in any form.
APEUSDT trade ideas
Apecoin / Ape analysisApes together strong !? ApeCoin price today is $5.8 with a 24hour trading volume of 340 million dollar. APE price is up 4% in the last 24 hours and 64% up since last month
ApeCoin is a decentralized project inspired by Yuga Labs’ Bored Ape Yacht Club project. ApeCoin was founded to be used within the burgeoning APE Ecosystem, which is supported by the APE Foundation. The ApeCoin DAO aims to build and maintain the APE Ecosystem in a fair and inclusive way, providing an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes. 6 days ago 0.7% ape supplies (30 million dollar) unlocked and the price hit 4.5$ since then price going up each single day
the first major resistance is 7-7.2$ and if Apes breaks that then 7.5, 7.9 are next targets. If you managed to buy it at 3.5 take some profit too
for traders who has a bigger vision and have longer view 7 and 8 are next targets but for scalpers 6 and 6.3 are the next milestone
ApeCoin and AXS - a race to Zero?People keep asking me "Is altcoins season coming and Which altcoins i should buy now?"
I would tell you that most of the altcoins from previous bull markets seem compromised due to unfavorable tokenomics and a looming overhang of unlocked tokens.
There's a possibility they may never recover, and it's imperative that we identify a fresh narrative for the upcoming generation of altcoins to gain popularity. In the interim, it appears most logical to maintain exposure to Bitcoin.
Crypto VCs are facing significant pressure to deliver returns to their investors.
Although certain crypto VC funds have generated returns ranging from 10 to 20 times the initial investment, others have experienced significant losses, prompting investors to opt for cashing out, even when potential returns were considerably higher.
These VC funds are expected to continue playing a pivotal role as sellers of altcoins and are compelled to liquidate their holdings.
Monitoring the token unlock schedules of these projects can yield substantial alpha, as the anticipated selling pressure is likely to lead to decreased token prices.
ApeCoin APE
As of September 17, ApeCoin is poised for yet another substantial unlock, this time amounting to $55 million, which represents 11% of the total outstanding tokens.
This is significant given the current ApeCoin market cap of $500 million. Since the last unlock on August 17, which involved 4.2% of ApeCoins (equivalent to $21 million), prices have witnessed a sharp decline of -24%. Furthermore, the one-year emission or dilution rate stands at an alarming 58%.
Axie AXS
On October 20, a significant unlocking event is scheduled for Axie Infinity's token (AXS), involving 11% of the total tokens.
Since the previous unlock on July 22, the value of AXS tokens has experienced a notable decrease of -32%. Presently, AXS maintains a market capitalization of $590 million, reflecting a substantial decline of -97% from its peak in November 2021 when it reached $10.5 billion. Additionally, the one-year emission rate stands at 24%.
Hard time for AXS and APE holders
Even though their prices have fallen considerably, it's difficult to envision a significant rally for ApeCoin or Axie Infinity tokens. These tokens are expected to lag behind the broader cryptocurrency market in terms of performance.
We Sell APE till All time LowHere is My Study On APE
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
ApeLooking horrible. No liquidity AT ALL. I see no argument that anyone could form now. TO go long on APE. If you are in it and believe, continue to dca I guess. I still think it could lose another 25 percent very quickly. Look at the 88 and 95 percent retrace levels. You'ld want to see it pop back above the 1.40 level or fall all the way to 95 percent and a full reset would not be uncommon for a shitcoin.
Buy Bitcoin or buy anything thats real.
APE short - swing trade APE going nicely and as expected for now. As previously hinted at I added a new short position on APE and took some off again.
Overall market looking heavy right so let's see how we go from now.
Not much to update on the other positions for the week so we will see how we end this week on BTC and the rest of the crypto market.
Plan remains the same for now until proven otherwise.
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice.
📈📊 #ChartPattern Alert! 📈📊 📈 Falling Wedge 📈📈📊 #ChartPattern Alert! 📈📊
📈 Falling Wedge 📈
📈 What is a Falling Wedge? The Falling Wedge is a bullish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bullish reversal, with the price likely to break upward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two higher highs (upper trendline).
Draw another trendline connecting at least two higher lows (lower trendline).
📈 What it Signals: The Falling Wedge suggests a potential bullish reversal, with buyers gaining strength as the price reaches higher lows within the wedge. It often forms during downtrends and can precede a significant price move to the upside.
📈 Trade Strategy:
Consider buying when the price breaks above the upper trendline of the Falling Wedge.
Set profit targets based on the pattern's height added to the breakout point.
Implement a stop-loss to manage risk in case of a false breakout.
Remember to validate your analysis with other technical indicators and conduct thorough research before making any trading decisions. Happy charting and trading! 📈💹
APE short - swing trade (update) APE going nicely pa wise. Taken some off at this level and will wait for further confirmation on the downside to add some more shorts.
Wait for pa to tell us the story of the market and we will trade it accordingly.
All the other posted charts of the day are in profit and everything is going according to plan so far.
Let's see how we got through the rest of the day.
Stay safe and never risk more than 1-5% of your capital. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
APE short - swing trade Shorted APE aggressively at market and targeting the liquidity around 1.20$
IF we reclaim the blue box (liquidity)and start pushing higher I will look to reduce my position on this trade.
IF we break and hold below the red line you can add shorts to your original position and I expect us to see some fast movement to fill the sellside liquidity.
Bear in mind it is Sunday so no need to be overzealous. Trade with respect towards your capital and yourself and do not be afraid to cut a loss or drawdown earlier than necessary if needed.
Entry (market)
TP 1.20$
SL (hard stops) 1.43$
As always pa TELLS THE STORY and we look to ACT UPON IT.
---- Upcoming Monday is Labour Day in the US so we might experience a choppy markets due to reduced liquidity... but trading remains trading--------
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Going short on ape. As we see on the chart, we have a triple top, price is also on a psychological level, we have a bearish order block as well. That’s enough confluence to take the trade. Take an entry as soon as price breaks out the trend line. Take profit down to the 61.8 fib level. Remember btc determine the market trend so trade with caution.
APE/USDT is All Set For Bullish Drive | ApeCoin Analysis💎Paradisers, get ready for some action! APE/USDT has just burst through a descending triangle in the 4H timeframe, priming itself for a likely bullish eruption.
💎Just a few days ago, APE skillfully engaged with a bearish Order Block (OB), set matching highs, and embarked on a downward path to tackle the bullish OB and capture buying liquidity.
💎If ApeCoin continues its upward trajectory through the triangle's apex, it's set to target the impending supply zone.
💎Yet, let's remain cautious of the unpredictable market conditions that could alter the game at any moment. We're optimistic about the chances of the price making a return trip to the supply zone, courtesy of lingering liquidity.
💎Keep your charts fresh and stay tuned for more crypto updates! Happy trading, Paradisers! 🌴
APE Looking on Very Bad Situation.Here is My Study On APE.
APE Lose Almost Whole Gain. And Now Is Near All Time Low. Now There is Another Wave. And Based On this Wave O Put Out Another 2 TakeProfit Zone. But I think There Are Two Resistence Where it Can Bounce Back.
Welcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial AdviseWelcome to my channel! Here you'll find daily technical analysis ofthe latest trends in the crypto market. From Bitcoin to altcoins, I'lIl be sharing my insights and predictions to help you make informed decisions
about your investments. Follow me for the latest updates and join the conversation in the comments!
Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and
information dissemination. Use with caution.
This Is Not A Finacial Advise
🚨 Trade Update: APE/USDT (3-5x)🚨 Trade Update: APE/USDT (3-5x)
📈 Long Entry: 1.38 - 1.58
OTE (Optimal Trade Entry): 1.48
SL: 1.304
B/E Move: When it moves close to TP2
TPs:
Short Term: 1.61 - 1.64 - 1.68 - 1.73 - 1.78 - 1.85
Mid Term: 1.95 - 2.10 - 2.30 - 2.78
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®