APEUST trade ideas
APEUSDT | TRIPLE BOTTOMAPEUSDT is at horizontal support where bulls once again can show strength.
The falling trendline is a hurdle for bullish trend continuation. There is a bullish divergence on RSI too.
We need one bullish candle on the support to go for long in this pair.
The break above falling trendline will give complete control to bulls. While break below triple bottom will give strength to bears.
Trade your levels accordingly.
APE/USDT looking for a short hereHey guys!
Next one we will be looking at is going to be APE/USDT pair. So we see the price to jump in narrows of $4.20 - $4.66 and now we see that it is struggling to break that upper line (Pink zone). So we are looking for a short position here. We will consider long only if we break and secure the 4.66 zone
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APEUSDTPER BinanceApeCoin price is currently down 14% for the month of October. The Ethereum-based token witnessed a sharp decline during the start of the second trading week of October, as the bears rejected upward movement from the 8-day Exponential Moving Average. Based on the strong rejection, if the ApeCoin price does not recover soon, a sweep-the-lows event will be imminent.
APE price currently auctions at $4.68. The bears have successfully breached the boundary of support on the Relative Strength Index. As the indicator descends into extremely oversold territory, an influx of bearish volume is spotted on the 8-hour chart. Combining these two factors, APE price should decline further, with September low at $4.29 and the June 15 lows at $3.12 as key targets.
APE head and shoulders pattern and trend lines#APE/USDT
$APE shaped a head and shoulders pattern and broke down from ascending trend line.
🐻 so price can drop more to support zone that is the same with neck line of H&S pattern.
then it will have a pullback to broken trend line and if reject from this line it will drop more to support zone around $3.
🐮 but holding the neckline as a support and break out from resistance zone will increase price toward upper ascending trend line.
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