APEUSDT trade ideas
Phemex Analysis #30: APECoin Surge 138% in just 3 Days?!The crypto world was abuzz with excitement as APECoin, the NFT token associated with the iconic Bored Ape Yacht Club and Mutant Ape Yacht Club, took center stage. The recent launch of APEChain, its dedicated blockchain network, coupled with the integration of Layer Zero, a powerful interoperability protocol, ignited a frenzy among investors and traders alike.
The news sent shockwaves through the crypto community, propelling APE's price from a modest $0.736 to a staggering $1.757 in just three days – a mind-boggling 138% increase. This dramatic surge was a testament to the growing confidence in the APECoin ecosystem and the potential of its blockchain technology.
Possible Scenarios
As the dust settled, investors were left pondering the next chapter in APE's story. Could the price continue its upward trajectory, breaching the $1.81 resistance level and challenging the psychological barrier of $2.0? Or would the recent surge prove to be a temporary high, followed by a much-needed correction or consolidation phase?
1. The Bullish Case
The potential for a continued uptrend was fueled by the positive sentiment surrounding the APEChain launch and the integration of Layer Zero. These developments positioned APE as a versatile token with multiple use cases, including governance for the ApeCoin DAO and transaction fees across various blockchains.
2. The Bearish Case
However, the crypto market is notoriously volatile, and a strong resistance level at $2.0 could pose a significant challenge. If APE fails to break through this barrier, it could lead to a price correction, potentially retracing to $1.36 or even lower. Such a scenario would require careful consideration and risk management.
3. The Neutral Outlook
A more likely scenario might involve a period of consolidation around the $1.36 to $1.70 range. This would allow investors to digest the recent gains and for the market to reassess the longer-term outlook for APE. Patience would be key during this phase, as a breakout above the resistance level could signal a resumption of the uptrend.
Conclusion
APECoin's meteoric rise is a testament to the growing appeal of the project and the potential of its blockchain technology. While the future remains uncertain, the recent developments have created a strong foundation for continued growth. Investors must approach the market with caution, carefully weigh the potential risks and rewards, and be prepared for both upside and downside scenarios.
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APE Impulsive Wave
In the daily chart, we finally got the end of the downtrend with a full wave count.
We now seem to be in blue wave 3 of an impulsive wave to the upside, and green resistance could offer the barrier to trigger blue wave 4 correction.
Price is way overbought and I´ll only look for long trades after corrections.
ApeCoin ($APE) Skyrockets 118% After ApeChain LaunchApeCoin ( GETTEX:APE ), the native token of the Bored Ape Yacht Club ecosystem, has experienced an explosive price surge, doubling in value over the weekend and hitting $1.5 for the first time since April. This surge is driven by the debut of ApeChain, a Layer-3 network built on Arbitrum Orbit, which has drawn massive attention from investors and traders alike. However, while the fundamentals behind this price movement look strong, technical indicators suggest caution as the token enters overbought territory.
The ApeChain Launch
The launch of ApeChain is the primary driver behind ApeCoin’s impressive 118% rally. ApeChain is a Layer-3 blockchain built on Arbitrum Orbit, and it has introduced several key features that have enhanced its appeal:
- Automatic Yield Mode: ApeChain simplifies passive income for ApeCoin holders, allowing them to earn rewards without the need for manual staking. This innovative feature quickly boosted the user base from 83 to over 3,000 within hours of the launch.
- Cross-Network Bridge: ApeChain also debuted a cross-network bridge that enables seamless transfers between ApeCoin (APE), Wrapped Ethereum (WETH), USD Coin (USDC), Tether (USDT), and Dai (DAI) across the ApeChain, Ethereum, and Arbitrum networks. This expanded utility makes ApeCoin more attractive for cross-chain applications, especially within Yuga Labs’ ecosystem, which includes popular NFT collections like the Bored Ape Yacht Club.
The immediate impact of ApeChain’s debut was a massive spike in trading volume, with Camelot DEX reporting over $5 million in the first three hours. ApeCoin’s on-chain volume followed suit, increasing by nearly 3000% and nearing the $1 billion mark. Such significant gains were echoed in the price, as ApeCoin surged past $1.50, a level it hadn’t touched since April.
Market Response and Investor Sentiment
ApeChain’s launch was met with enthusiasm across the market, with investors excited by the token’s potential utility within the rapidly expanding Yuga Labs ecosystem. ApeCoin ( GETTEX:APE ) also upgraded its smart contract to adopt LayerZero’s Omnichain Fungible Token (OFT) standard, enhancing its interoperability across networks.
This rally was further fueled by the Fear of Missing Out (FOMO) effect, as ApeCoin ( GETTEX:APE ) surpassed a $1 billion market cap, drawing in even more buyers. With ApeChain’s features and the integration of cross-chain transfers, ApeCoin’s potential use cases within the NFT and DeFi spaces have significantly expanded, creating a bullish narrative around the token.
Technical Outlook: Bullish or Overbought?
Despite the strong fundamental narrative, technical indicators suggest caution. At the time of writing, ApeCoin (APE) is trading at $1.55, up 4.48% on the day, and remains well above the recent $1.33 support level. While ApeCoin ( GETTEX:APE ) has successfully broken out of the downward trendline that had constrained its price since June, the Relative Strength Index (RSI) is flashing warning signs.
ApeCoin ( GETTEX:APE ) is in overbought territory, with an RSI above 88, signaling the possibility of a trend reversal or at least a temporary cooling-off period. When an asset is this overbought, profit-taking is likely, leading to increased selling pressure.
ApeCoin ( GETTEX:APE ) is trading above its key moving averages, further cementing its bullish momentum. However, traders should be cautious as a failure to maintain this momentum could trigger a pullback.
If GETTEX:APE can maintain its bullish momentum and stay above the $1.47 resistance level, it could attempt to breach the next psychological barrier of $2.00. However, if a reversal occurs, the first key support level is at $1.33, followed by $1.20.
Potential Risks and Liquidation Levels
While ApeCoin ( GETTEX:APE ) has performed well, there are risks to the upside. CoinGlass data suggests that liquidation levels for ApeCoin are at $1.0178, where a further price rise could lead to the liquidation of $2.59 million in short positions. This could drive the price higher in the short term, but analysts warn that such a move could also create additional selling pressure as traders close out their short positions.
Moreover, the performance of Bitcoin (BTC) could impact ApeCoin’s trajectory. If BTC experiences a correction, the broader market sentiment could turn bearish, putting additional pressure on ApeCoin ( GETTEX:APE ).
Summary
ApeCoin ( GETTEX:APE ) has made significant strides in both its utility and price performance, primarily driven by the ApeChain launch. The introduction of Automatic Yield Mode, cross-network bridges, and LayerZero integration has unlocked new potential for ApeCoin ( GETTEX:APE ) within the broader crypto ecosystem. However, with the RSI indicating overbought conditions, traders should remain cautious as a pullback could be imminent.
In the short term, GETTEX:APE is riding high on bullish momentum, but the looming risks of liquidation and market correction suggest that investors should monitor technical levels closely before making any decisions.
Apecoin (APE): Huge CME Gap (Might Fall Hard)Apecoin made a huge upward movement during the weekends, which resulted in a possible good entry zone for short positions here!
We are looking here for similar sharp movement in lower zones as we had in upper zones so let's see how good of a magnet this CME gap will be!
Swallow Team
ApeCoin APE price gave a ray of hope, for the first time in 2.5yWhat happened in #ApeCoin that the price gained +160% in 3 days?)
In principle, OKX:APEUSDT still has the potential to rise to $2, and then "they" can draw an inverted head and shoulders. Although, it's a bit scary to "get long" before $0.85.
At the #SUIUSDT chart has clearly worked out this pattern.
Another concern is how thin the crypto market is: a little effort and you can pump the asset so much that #APE which has been in a stable downward trend for more than 2.5 years, “jumped” to 4th place in terms of trading volume, right after CRYPTOCAP:BTC , CRYPTOCAP:ETH and CRYPTOCAP:SOL
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APEUSDT - 15min - VOLATILITY = SWING TRADINGAPEUSDT - 15min - VOLATILITY = SWING TRADING
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APEUSDT - 15min - VOLATILITY = SWING TRADING
It seems that APE will continue its rise looking for the objectives of $1.88 and secondly, $2.56.
What interests us is that it is doing so with great VOLATILITY and this allows us to do both SHORT and LONG operations in very short frames.
To go short, we have to wait for it to finish rising and for decreasing highs to be configured as in the first red line. Meanwhile, successful trades will always follow the dominant trend.
This is what we see on the 15-minute charts.
If BTC increases its volatility, APE will be a sounding board and will multiply it by 10.
Whatever you do, be careful and avoid getting embarrassed. :)
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Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the development process and the BETA will soon be ready for testing.
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I share with you my technical analysis assessments on certain values that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
APEUSDT - 1h Has to correct part of the riseAPEUSDT - 1h Has to correct part of the rise
If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies in a VISUAL and PROFESSIONAL way, as we present in the analysis.
Thank you!
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APEUSDT - 1h Has to correct part of the rise
I'll be brief, it won't be easy, it won't be linear, but it seems that APE has reached its maximum at 1.70.
Correction target : 1.24 - 1.12
The waves won't be easy to ride but there is a strategy and important goals to achieve if things are done right.
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Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, since it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or another, taking the necessary deposits from your portfolio.
TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.
This tool is in the process of development and the BETA will soon be ready for testing.
FOLLOW ME and I will keep you informed of the progress we make.
I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Inform yourself, train yourself and build your own strategies when investing. I only hope that my comments help you on your own path :)
Why Support and Resistance Points Are Important
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(APEUSDT.P 1M chart)
Usually, the arrangement of candles is used to indicate support and resistance points.
Basically, indicators are used to indicate support and resistance points.
However, I feel like support and resistance points are needed in the 1.9101-6.7780 range.
So, there is a possibility that support and resistance points are drawn near where the fingers are pointing.
The price is currently under 1.9101, so let's check it out on another time frame chart.
In any case, the point to watch is whether it can rise after receiving support in the 1.3270-1.9101 section.
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(1W chart)
When drawing support and resistance points using indicators, it is best to draw indicators that are currently marked with candles.
This is because it means that the current point is acting as support and resistance.
Other than that, you can mark indicators that are thought to have a longer horizontal line than other horizontal lines.
If you check the chart above, I think you'll understand what I mean.
Since the important support and resistance points are indicators that are currently marked with candles, you can create a trading strategy targeting the corresponding horizontal lines.
The sections marked as Support and Resistance on the chart correspond to those.
You can think of the remaining lines as lines that can be used for detailed strategies that allow you to conduct split transactions when conducting transactions.
In that sense, the 1.4870 point can be used for detailed trading strategies, that is, response strategies.
Accordingly, you can proceed with buying or selling.
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(1D chart)
The support and resistance points to be used for detailed trading strategies are indicated in the 1.320-1.9101 section.
That is, the points 1.3929 and 1.6755 are applicable.
These two points correspond to the HA-Low and HA-High indicator points.
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If you have indicated support and resistance points on the 1M, 1W, and 1D charts as above, you can mark them according to the importance of the support and resistance points and create chart analysis or trading strategies for them.
Important support and resistance points are
1st: 0.5841-0.7505
2nd: 1.0670
3rd: 1.3270
4th: 1.9101-2.1090
You can use the points or sections above to create chart analysis or trading strategies.
When marking support and resistance points, do not draw them while thinking about chart analysis or trading strategies.
The reason is that if you do so, you will likely mark support and resistance points while reflecting your subjective thoughts and psychology.
Therefore, when marking support and resistance points, it is important to focus only on the arrangement of candles without thinking about anything else.
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Have a good time.
Thank you.
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- Big picture
It is expected that a full-scale uptrend will begin when it rises above 29K.
The section expected to touch the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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APE COIN PRICE ANALYSIS AND POSSIBLE TRADE SETUP !!GETTEX:APE Coin Update !!
In last 3 days price almost surge around 100%+ & currently look in overbought zone 🚨
Small dip expected from its liquidation zone or from its feb key levels ✅
But without SL Don't Build any trade on it ... Manipulation is too high 🚨
Also Don't Use High Fund or High Leverage ✅
Without confirmation on Lower tf's 1h, 30m & 15m don't build any side trade on it 🚨
ApeCoin Bullish Breakout Confirmed (600%- Growth Potential)Just in the last three days, Apecoin (APEUSDT) has grown by more than 100%. If we count from the 5-August low total growth amounts to almost 200%. This is all pretty nice but this is all not all, there is more.
Once a bullish breakout happens, this is not the end of the bullish action but actually the start.
We have a rounded bottom on this chart as well as a rise in trading volume as soon as the bullish action goes underway.
ApeCoin is not ready to move but is already moving and the strength of this move indicates that this is only the beginning, we can expect much more growth in the coming days, weeks and months.
Buy and hold to later sell when prices are up.
Remember to plan ahead of time to make the best of your play.
You can find APEBTC in the 'Related publications' below.
Thank you for reading.
Namaste.
APE: Capitalizing on NFT and Metaverse GrowthDescrizione:
This trading idea centers on APE, the native cryptocurrency of the ApeCoin ecosystem, which is heavily linked to the booming NFT (Non-Fungible Token) and metaverse markets. As a governance and utility token for projects like the Bored Ape Yacht Club (BAYC), APE has positioned itself as a key player in digital collectibles and virtual world experiences. With increasing attention on NFTs and the metaverse, APE benefits from strong community support and growing adoption.
The long-term potential of APE lies in its ability to drive innovation within these rapidly expanding sectors. However, it is important to recognize that the cryptocurrency market is highly volatile, and external factors, such as changes in market sentiment and regulatory frameworks, can significantly impact prices.
Disclaimer:
This trading idea is intended for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like APE involves substantial risk, including the potential for complete loss of capital. Always conduct thorough research, evaluate your financial position, and consult with a financial advisor before making investment decisions. Past performance is not indicative of future results.
APE. Does not look good.Structurally, the chart shows nothing. A 98% drop and price movement in a global downward channel only indicates that the bubble is still deflating. However, there is one consolation for APE holders - the sideways movement within the channel has been going on for over 100 days, which may indirectly indicate the formation of a bottom, BUT... Overbought by RSI, provided that the asset is not experiencing an upward local movement, does not look very good.
APEUSDT LongThis asset is trading below its All-Time Low (ATL), which is highlighted on the chart, which may be seen as a deviation or fake breakdown below the all-time low.
Many holders may have sold their positions ("puked"), potentially due to the break of significant support (the ATL).
We do see potential take-profit (TP) levels marked:
- TP1 is around 2.500 USDT.
- TP2 is near 6.500 USDT.
These levels indicate possible targets for a recovery if the asset finds support and begins to rebound.
Currently, price action suggests bearish sentiment. We bought some.