Rise of the Planet of the APEs 🦧Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🦧 APE has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound.
Moreover, the zone 4.5 - 5.0 is a strong weekly support zone .
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower blue/red trendlines . (acting as non-horizontal support)
As per my trading style:
As APE approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
APE
SasanSeifi💁♂️ APEUSDT / daily HI TRADERS ✌ By examining #APE in the daily time frame, as you can see,according to the positive reaction
From the range of BULLISH BB, the price was able to grow.. It is currently trading in the range of $5.88. In case of breaking the dynamic resistance and stabilizing the price above the range of $6.
We can expect the price to grow to the $6.50/$7 range.
❎ (DYOR)...⚠️⚜️
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌️
IF you like my analysis please LIKE and comment✌️
Lets get into APE shitSo the coin is similar to a Meme coin but has a backing by what we call WHALES. Ape will be used in the metaverse and is used for governance to control what the future of the people who have millions of dollars to spend on pictures of apes. It has the similar potential as doge coin but as for doge coin there are not whales backing the meme coin only the lucky ones Like the millionaire who wouldnt sell at the peak. So we have a new coin to keep and eye on it has a high of nearly
$27 and it is currently at a $5 coin.
As any trader could look at the coin it has a potential for a 4x minimum gain this upcoming bull market. so keep and eye out.
we may see a crash along with BTC and ETH these upcoming months but its a good idea to have a eye out for any potential 400% gains on the sideline
Millionaires don't let their coin go to 0 so play along with the pump and dump.
good luck and have fun with it.
APE: Pullback in UptrendApe Coin (APE) technical analysis:
Trade setup : Pullback in Uptrend. Following a bullish breakout from Channel Down pattern, trends reversed to bullish but momentum is fading near-term (MACD crossover). However, pullback near $5 support could be an attractive swing entry in uptrend. Could revisit $7.50 next.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $5.00 (previous resistance), then $4.00. The nearest Resistance Zone is $6.00, then $7.50.
APE to consolidate?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Best bull case, Elliott wave style, atm.
I am wrong,
move from the low finishes as impulse,
Internal retrace before external move up and out.
…Still corrective to me, atm.
Cheers!
BBBY Bed Bath and Beyond - A High Risk Scalp Is All That's LeftBed Bath and Beyond is a classic case of why you stay the hell away from Reddit, which is partially owned by the Chinese Communist Party's Tencent, and good for very little besides indoctrinating readers with atheism, socialism, Marxist-Leninism's garbage, and a lot of pornography.
I remember during the $10+ August run seeing posts on WallStreetBets and the BBBY subs encouraging people to buy and file paperwork with their brokers for self custody because Buy Buy Baby was supposed to get split off and lead to a moon mission.
Also, RYAN F'IN COHEN!!!!
Other fun posts were propaganda like "Wow this BBBY store just opened near my house! Bullish!" and "Bought my entire family a membership for Christmas xD."
Reddit is not social media. It's a social marketing and social influencing platform where communities are organized from the ground up by professional public relations firms.
Enlighten to it, already.
If you risk your money on the basis of what some alpha-schtick avatar with slicked back hair, a suit, and sunglasses says, you really can only blame yourself when you wind up holding a 95% loser, which is what this thing has become.
Reuters reported on Jan. 5 that BBBY is on the verge of missing a $1.5 billion debt payment on Feb. 1, which will give it 30 more days before it will default, and is on the verge of bankruptcy.
And over the course of 2 days, you lost 47%.
Earnings is coming up on Jan. 10, and for those who bought $1.80 and $1.30 thinking you got a deal, the all time low isn't far away at 88 cents, which was the first month BBBY traded for all the way back in 1992.
You should absolutely expect Bed Bath and Beyond will post dumpster fire numbers with heavy warnings to investors about how things are about to get a lot worse before you buy the dip.
That being said, the only potential profitable trade on this thing before it declares bankruptcy is for it to do something like the piece of trash Upstart Holdings, another Reddit pump and dump, did on its last earnings after it reported a 200% miss on EPS, with a good old fashioned dump and squeeze before falling even farther towards the 12th Layer of Hell.
And the good news is that if you don't get stopped out, you might get lucky and get a retracement to the daily trendline at roughly $2.40 that you can sell at, if the markets go wild on a Thursday CPI miss and whatever ostensibly bullish narrative Wall Street wants to pump FOMC rate hikes with.
SPX500 / ES / SPY - Enjoy the Party While It Lasts
But what I would like to point out to you is that BBBY declaring bankruptcy means that the stock will approach $0.00 legit. In the best case scenario, you might get a buying opportunity before it gets delisted so that you can hold your bag until someone buys its assets and maybe the stock will be worth something again if they don't just liquidate the chain to pay creditors.
A good example is found in Hertz HTZ
It fell from $20 to 0.44 cents and got delisted, and stayed that way for almost 2 years. Then it was worth a lot.
This is called "gambling" not "distressed investing," however.
Another chance you have is found in the precedent of this piece of crap APE "All People Equal" (Thanks Karl Marx and Mao Zedong! Absolute egalitarianism and class struggle is sooooooooo cool!!!!) from the AMC split, which absolutely annihilated really, really bad short sellers trying to pile on to $0.00 once it fell into the 0.60s.
You might also get this kind of squeeze on BBBY if there is news that it somehow won't miss its debt payments, and then $3.50 is incoming. Maybe RYAN F'IN COHEN will Superman and cape in to save the day.
Bed Bath and Beyond is another one of those garbage-style retail outlets that existed to hustle stuff made in the Chinese Communist Party's factories to Americans and Canadians, and now that it's been replaced in usefulness by stuff like Amazon, truly has limited value as a business model.
Amazon AMZN - Manufacturing Support
But they have a lot of stores and a lot of infrastructure, so maybe someone will come along and buy them on the cheap, resurrect BBBY, split Buy Buy Baby, and you'll make a fortune.
If not, you can always complain about Ken Griffin and Citadel with the Redditor Wumao that you still think are fellow bagholders because you don't want to sober up and get off the damn computer already.
Look, if you take this trade, it's a scalp. And it's a risky scalp that might be nice. You literally need to buy the earnings crash, wait and see if Nasdaq wants to go up on Jan. 12, and get out in a profit.
This isn't something to buy and hold, no matter how some "alpha" kid with a bored apes NFT for a profile picture barks about how they "like the stock."
Good. Grief. Don't. Hold. This. Piece. Of. Crap.
Some influencer might "like the stock," but don't you "like" your money?
You can't take BBBY shitcoins to the grocery store to buy rice and you can't take them to the gas station to buy gas.
Never forget this. And never forget to ditch Reddit and the Chinese Communist Party forever.
Get off the computer and go outside more. You'll trade better and lose less/make more money, too.
APEUSDT / ETH - Long Attention Zones - Ascending WedgeAt current levels of consumption with Dookey Dash, use of Stake at Apestake.io and strong market trend in general (bullish), APEUSDT may look for past tops in the short/medium term, according to the ascending wedge on the chart.
I also recommend to take a look at the chart on the APEETH pair, where a possible pattern descending wedge is happening (continuation), reinforcing the idea of new highs.
Not a Financial Advice, DYOR.