APE / TetherUSUpdated Prediction for APE
APE is high volatile and loses 50% in just 5 days. But I think the reversal could be very soon because the volume continues decreasing (when prices decreases).
I'm using again Bullish Bat pattern to predict the reversal point. I depict also the trendline and support/resistance to guess the next moves of APE.
I'm using again Bullish Bat pattern to predict the reversal point. I depict also the trendline and support/resistance to guess the next moves of APE.
Note
Reversal point: $12.8; Target: $17.7Trade closed manually
APE didn't get to the predicted entry ($12.8). On the one hand, BTC has reversed and gone up rapidly reacting to the FED news (in correlation with stocks). One the other hand, I think that harmonics pattern would not be applicable for highly volatile coins in general, and for APE in particulier (I did a previous prediction for APE & it was invalidated also).Trade active
BTC and stock has falled today after a sudden rise yesterday. This gives an opportunity to reactive this trade.
Let's see if APE will reach the target ($17.7)
Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.