๐ #APEUSDT Analysis โ Testing Bottom of the Channel
๐ Published: April 23, 2025
๐ฐ Timeframe: 1W | ๐ Exchange: Binance
๐ Technical Overview
APE is currently sitting near the lower boundary of a descending channel that has been in play since mid-2023. Historically, this zone has offered short-term bounce opportunities when tested.
๐ Structure:
โ Long-term Falling Channel
โ Testing lower support line
โ Previous bounces from this area led to 2xโ3x moves
๐ป Panic Level (Invalidation Zone)
๐ $0.2793
A weekly close below this level would invalidate the current bounce scenario and could lead to a sharp capitulation phase.
๐ฏ Upside Targets (If Bounce Confirmed):
Resistance 1: $0.8688 โ First major horizontal level
Resistance 2: $1.6642 โ Upper channel resistance zone
๐ If market conditions support it, this bounce could extend toward the channel top for a potential +200% gain.
๐ง Strategy Insight
APE is deeply oversold on higher timeframes and testing historical low levels within a well-defined downtrend channel.
๐ Early buyers may look to scalp the bounce, but safer entries require confirmation above $0.60โ$0.70 zone.
๐ก Play this as a bounce trade, not a breakout โ unless price reclaims $1+ with volume.
๐ฃ Whatโs Next?
Watch for weekly confirmation candles. If we get bullish divergence or reclaim MA resistance, APE could be one of the top rebounders this cycle.
๐ข Oversold. Unloved. But technically primed. APE might surprise again.
Please keep in mind that this is not financial advice and the purpose of these charts is to provide an idea of coin movement, not buy or sell signals. The cryptocurrency market is highly volatile and not suitable for everyone, so be aware of the potential risks before making any investment decisions. The information presented here is a personal effort and is subject to success or failure, and we welcome constructive criticism.
Good luck to all.
๐we ask Allah reconcile and repay๐
๐ Published: April 23, 2025
๐ฐ Timeframe: 1W | ๐ Exchange: Binance
๐ Technical Overview
APE is currently sitting near the lower boundary of a descending channel that has been in play since mid-2023. Historically, this zone has offered short-term bounce opportunities when tested.
๐ Structure:
โ Long-term Falling Channel
โ Testing lower support line
โ Previous bounces from this area led to 2xโ3x moves
๐ป Panic Level (Invalidation Zone)
๐ $0.2793
A weekly close below this level would invalidate the current bounce scenario and could lead to a sharp capitulation phase.
๐ฏ Upside Targets (If Bounce Confirmed):
Resistance 1: $0.8688 โ First major horizontal level
Resistance 2: $1.6642 โ Upper channel resistance zone
๐ If market conditions support it, this bounce could extend toward the channel top for a potential +200% gain.
๐ง Strategy Insight
APE is deeply oversold on higher timeframes and testing historical low levels within a well-defined downtrend channel.
๐ Early buyers may look to scalp the bounce, but safer entries require confirmation above $0.60โ$0.70 zone.
๐ก Play this as a bounce trade, not a breakout โ unless price reclaims $1+ with volume.
๐ฃ Whatโs Next?
Watch for weekly confirmation candles. If we get bullish divergence or reclaim MA resistance, APE could be one of the top rebounders this cycle.
๐ข Oversold. Unloved. But technically primed. APE might surprise again.
Please keep in mind that this is not financial advice and the purpose of these charts is to provide an idea of coin movement, not buy or sell signals. The cryptocurrency market is highly volatile and not suitable for everyone, so be aware of the potential risks before making any investment decisions. The information presented here is a personal effort and is subject to success or failure, and we welcome constructive criticism.
Good luck to all.
๐we ask Allah reconcile and repay๐
๐ Be a trader, not a gambler, by following risk/capital management!!
๐Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay โค๏ธ๐
๐Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay โค๏ธ๐
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.
๐ Be a trader, not a gambler, by following risk/capital management!!
๐Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay โค๏ธ๐
๐Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay โค๏ธ๐
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.