APE has been in a massive decline since topping late April. As of a few days now, APE is seeing some consolidation after the capitulation happened on 11-05. In my view, this move is nothing more than a dead-cat bounce and more pain is coming shortly.
If we can break below $7.30, I think we're going to target the capitulation lows around $5.70, likely even making a new low with a $4 target.
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.