Ape possbile targets
On daily chart we see a cup-handle formation with a possible target of 6.9$ if it can break over 5.12 if it can't on lower time charts we see possible double top and H&S formation with targets of 4.92$ and 4.68$
If the market decides a bounce up we can say that ape wants to go over 6$. 6$ is an important resistance if ape breaks through 6$, journey to 10$ will ve easier than that of 3-6$ journey. But the big question is will market let it. Probably not..
If market chooses to test lowers ape's lower time chart formations will work and take it back to 4.9$-4.6$
If the market decides a bounce up we can say that ape wants to go over 6$. 6$ is an important resistance if ape breaks through 6$, journey to 10$ will ve easier than that of 3-6$ journey. But the big question is will market let it. Probably not..
If market chooses to test lowers ape's lower time chart formations will work and take it back to 4.9$-4.6$
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