$APE Coin The Next $SHIBA Inu + Big Project + ATH
Hello everyone, well, just a few days I got into Apecoin and it has been a great week. First, APE coin broke a triangle, then it formed a rising wedge (bearish) that was invalidated because the bulls took control and the price broke the resistance, turning into a parabolic move.
All this from 13 dollars to 27.56.
Today it had a correction to the previous resistance (now support), which it was the ceiling of the rising wedge and the EM50 of the 1H chart, then it bounced really strong to 23.74 and it went down to make a retest to the EMA50 creating a triangle.
Right now, it is in a falling wedge in the 15mins chart and usually, a falling wedge is a bullish sign, which means anytime it can break the resistance to continue the way up, it will probably find another resistance (of the triangle) around $23 and breaking the resistance will head to the ATH of $28.
This is NOT a meme coin guys, remember APE coin is a solid project backed up by a huge team and they are creating a lot of things for the metaverse.
Also consider that the APE coin is not following Bitcoin, which means that while the rest of the crypto is failing, APE is very bullish.
Of course, there are some whales profiting but I think they want to take the value of this coin at least twice the price. The APE coin could easily take surpass Shiba Inu, if APE coin could reach the market cap of Shiba Inu, the price of APE coin would be around $40 dollars per coin.
So, if you want the next gem, I think this Ape coin is going to be the coin of 2022.
This is not financial advice. Do your own research.
A good buying point is between $21. 30 and $22.00
Take profit at $25, $28, $34
What do you think about this? Do you think it can go higher or lower?
All this from 13 dollars to 27.56.
Today it had a correction to the previous resistance (now support), which it was the ceiling of the rising wedge and the EM50 of the 1H chart, then it bounced really strong to 23.74 and it went down to make a retest to the EMA50 creating a triangle.
Right now, it is in a falling wedge in the 15mins chart and usually, a falling wedge is a bullish sign, which means anytime it can break the resistance to continue the way up, it will probably find another resistance (of the triangle) around $23 and breaking the resistance will head to the ATH of $28.
This is NOT a meme coin guys, remember APE coin is a solid project backed up by a huge team and they are creating a lot of things for the metaverse.
Also consider that the APE coin is not following Bitcoin, which means that while the rest of the crypto is failing, APE is very bullish.
Of course, there are some whales profiting but I think they want to take the value of this coin at least twice the price. The APE coin could easily take surpass Shiba Inu, if APE coin could reach the market cap of Shiba Inu, the price of APE coin would be around $40 dollars per coin.
So, if you want the next gem, I think this Ape coin is going to be the coin of 2022.
This is not financial advice. Do your own research.
A good buying point is between $21. 30 and $22.00
Take profit at $25, $28, $34
What do you think about this? Do you think it can go higher or lower?
Note
At the time of writing, the price broke the falling wedge, which is a confirmation of the bullish trend. Let's see how it behaves with the next resistance. If it breaks, it will go to $25, if not, it will keep moving sideways inside of the triangle.
Remember this is a new coin with big boys backing it up, which means they want to see it in the top 10 of the cryptocurrencies.
Just think about how their NFTs changed everything.
Order cancelled
invalidated. Although it almost broke resistance.Trade closed: target reached
We had a bear trap, but we are back on track.First Target reached 25
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.
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.