Apecoin 2 Years Long Downtrend Likely Ending...
Early signals I should say because things can always change...
Apecoin (APEBTC) moved and closed recently above EMA50, opening potential for mid-term growth. With a close above EMA100 this potential would be confirmed but we are not quite there yet.
We have a bottom pattern, average volume and a strong RSI.
These signals are good but the really important part is the market cycle.
You can find tons of bullish signals just to see them reverse in a matter of days.
Since the charts are always changing, only a few days are necessary to change the picture completely and for this reason we tend to use a stop-loss point.
➖ Below the All-Time Low, we either stay out or know we have to wait before prices grow; in this case 0.00002700.
➖ Any trading above this level and a bullish wave can develop anytime.
Seeing all those pairs breaking up strong —ALTSBTC— we have a higher level of certainty that this time around we will win.
What to do if prices move down rather than up?
Either sell at a loss or wait patiently... That's all.
Thanks a lot for your support.
Namaste.
Apecoin (APEBTC) moved and closed recently above EMA50, opening potential for mid-term growth. With a close above EMA100 this potential would be confirmed but we are not quite there yet.
We have a bottom pattern, average volume and a strong RSI.
These signals are good but the really important part is the market cycle.
You can find tons of bullish signals just to see them reverse in a matter of days.
Since the charts are always changing, only a few days are necessary to change the picture completely and for this reason we tend to use a stop-loss point.
➖ Below the All-Time Low, we either stay out or know we have to wait before prices grow; in this case 0.00002700.
➖ Any trading above this level and a bullish wave can develop anytime.
Seeing all those pairs breaking up strong —ALTSBTC— we have a higher level of certainty that this time around we will win.
What to do if prices move down rather than up?
Either sell at a loss or wait patiently... That's all.
Thanks a lot for your support.
Namaste.
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