APEUSDT trade ideas
APE Short setupShort position at the top range, we are currently at resistance. This was a multi month support turned resistance, and if we don't get a massive volue to breakout, this is just a retest that will end in a visitaion of the low zone and even further more. Max drawdown target shown in the image. Tight SL above resistance
APEUSDT | BREAKOUT AHEADAPE has formed a double bottom on strong horizontal support zone.
The price is currently trading near the falling trendline.
The bulls need to break above the resistance.
We are expecting bulls will took charge and price can broke above the resistance.
Manage your trades accordingly.
APEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for APEUSDT
Here we have R2 and R1 as the resistance areas that include the unsuccessful attempts of price to rise. And S1 is a long-term support area which contains the support of price since the past. At the moment, there is the fluctuation of price over R1 and we believe it will rise up to R2 and then by giving us some falling signs, the short position of our chart is activated and a decline down to S1 is expected for it. In case the price is able to move over R2 and fixes in that area, then more rise will be there for it. It is highly recommended to activate your stop-loss points for experiencing more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
APE: Channel Down PatternApe Coin (APE) technical analysis:
Trade setup : Trading in a Channel Down pattern and appears on the verge of breaking out. Swing traders can trade the Channel (Enter near support trendline, Exit near resistance trendline). Trend traders ought to wait for a breakout. If it breaks out above Resistance Trendline (around $4 currently), price could rally to $5 or higher.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00, then $5.00, and $6.00.
Buy APE only when it breaks this level!Here's a quick look at the daily APE chart. As we can see, the price has been in a downtrend for some time now, and the best entry would be when the price breaks back above 4.51$! This will only happen if BTC decides to go north. The current market sentiment isn't bullish, so this setup has a low probability of playing out.
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The idea is: Buy when the price breaks above 4.51$ and take profits at the levels shown in the chart.
Targets:
1. 5.2$
2. 6.4$
3. 7.3$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
APE. Nothing unusual, just hype token.Soon there may be a deep disappointment for APE holders. In fact, this is a token for the sake of a token. TA also does not show any strength. The price has been licking the $4.5 level since June. Recently, we broke it down... Now, we have tested $4.5 level from below, which potentially indicates a bearish trend where the target of the decline is the middle of descending channel at $2.31 (with a time shift). Also, a signal for the continuation of the downtrend is moving average, which we tested and again rejected down.
APE Short here
📉Sell the break (Market/Limit on retest)
$ 3.855 (Add margin if u still profit's)
level to look for 📈
📍$ 3.468 (Shallow retracement from recent high/Previous Flip)
📍$ 3.378 - 3.327
Take profit or ready for long's,
🏷 Ideas will be updated based on price action at those level's mentioned above.
APE fall vs A1000x True reversal pointHello traders!
Welcome back with another episode with Analyst Aadil1000x.
This is an update of APEusdt. There was a crazy fall and APE reversed exactly from the A1000x True reversal point(3.866). Happy to see a perfect reaction.
This is the updated version of the A1000x True reversal point. I was working on an update since the start of this year and I was not able to make it perfect but now it looks like this update is the perfect one and as a result, we smashed all previous trades except the last trade.
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