💎 APE has recently experienced significant developments in the market. It made a perfect bounce from the demand area, and the next critical obstacle was the resistance area.
💎 Breaking through this resistance is crucial for APE to continue its upward movement. If APE successfully breaks out of this resistance zone, it could pave the way for a smoother journey toward our target at the Bearish OB area.
💎 However, in the event of failure to break through, the price may retreat to the demand area. It's worth noting that APE is displaying a potentially bearish pattern known as the Head and Shoulders pattern, with the demand area corresponding to the neckline.
💎 If the demand area is breached, confirming the HNS pattern, this would indicate a bearish momentum, potentially driving the price significantly lower, possibly back to the key support area or even lower.
💎 Breaking through this resistance is crucial for APE to continue its upward movement. If APE successfully breaks out of this resistance zone, it could pave the way for a smoother journey toward our target at the Bearish OB area.
💎 However, in the event of failure to break through, the price may retreat to the demand area. It's worth noting that APE is displaying a potentially bearish pattern known as the Head and Shoulders pattern, with the demand area corresponding to the neckline.
💎 If the demand area is breached, confirming the HNS pattern, this would indicate a bearish momentum, potentially driving the price significantly lower, possibly back to the key support area or even lower.
Trade closed: target reached
#APE’s 47.54% rise? Called it!
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.