buying the #Ape hereIt has not been easy trying to work out a direction on Ape because of the volatility in movement over the past few weeks. Kind of like random pumps and dumps. So why do I think it will break the down trend? Well I think trends are liquidity traps set up by the market to entice sellers to sell the trend line. So with this is mind I am expecting the exchanges, which are acting like bankers, to take out those seller once they are confident enough twats have been got sucked into selling. This is how they liquidate your accounts.
APE
APEUSDT - SETUPAPEUSDT price has reached the apex of the symmetrical triangle and now it needs to break this sideline streak and take a clear direction. As we can see the market is still favoring the Bulls so we can expect an upside is due. But if the price break the Lower low we may see a double bottom. So carefully watch the price action and react accordingly.
APE back to $5 and RSI TAOne of my favorite and most helpful tools when doing TA is identifying patterns on the RSI. Many understand that patterns like wedges and channels are extremely helpful in increasing the probability of a trade but many don't know that you can do the same with the RSI.
I have a few examples of this on my page but here's another one before the fact.
The RSI broke the ascending triangle to the downside and is in the middle of a bearish retest and potential rejection.
When the RSI breaks down before prices it usually means prices will follow.
What's Next On APE (complete analysis)Interesting fact about the current APE situation here I give detailed analysis.
First, Ape breakdown from the overall 70% Fibonacci retracement which is unlikely, then it went further to break the 100% Fib. retracement again this is very unusual considering how bullish the APE market was but it happened due the the overall catalyst (BTC, UST, LUNA).
Now here comes the big question, are we done with the downtrend?
Yes we are. How?
On the right hand side you can see that a break of structure (BOS) occurred causing the manipulator, market monger, stop loss hunter (whatever name you give them) to take/provide liquidity, wait that's not enough, yea but I have more.
On the chart you can see where I annotate HL(higher low) and LL(lower low) while the RSI indicator forms the opposite LL,HL which is a strong bullish divergence
Now we have 2 scenarios the symmetrical triangle or the descending triangle. If the symmetrical triangle breaks down, you might want to watch out for the descending triangle before exiting the trade if you check my previous analysis on symmetrical triangle you will notice I mostly have 2-3 backup plan for it.
Unless I see a divergence at the oversold region of the RSI or again some unfavourable fundamental news and of course possibly BTC dump, I am holding my long position on APE.
Build your buy/long position in between the 0.78 Fib. retracement and 1.00 Fib. retracement price level and set your stop loss at $6.55 for mid - long term while for short term set stop loss at the breakdown of the symmetrical triangle to the especially if price closes below the 100% ret. level ($7.280).
Have a suggestion? What do you think
comment below, like and share also see t.me/dewycandles for records of profit bagged from our APE analysis.
APEUSDT Fibonacci Circle Analysis 5/19/22Using the Fibonacci circle tool we can plot trend lines along bullish and bearish areas
A trend line can be plotted horizontally against the 1.618 level of the middle circle (green dotted line)
This shows an alignment with a bottom point earlier in the coin and where we are now (green rectangle).
2.618 of left and right circles gives us the position and allows comparison (blue)
It can be then drawn from comparison that price is currently undergoing a similar pattern to the earlier blue circle. Which are the same formations just on different scales (the first being a lot smaller)
The similar pattern being a double bottom.
APE will be 3$This analysis is a short-term analysis
We see the formation of a descending flag pattern
In the event of a loss of dynamic support, a drop of up to $ 6 would be reasonable.
Also, if we lose the $ 6 range, with the Fibo review and its overlap, there is a possibility that the price will drop to $ 4 points.
If the $ 6 zone is lost, the selling pressure will increase, which will cause the price to fall further
APES vs BEARS!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
After the bears broke the last low in gray, APE has been overall bearish making lower lows and lower highs.
Last week, APE rejected the 5.0 round number, however , we are not bullish yet.
For the bulls / apes to take over, we need a break above the previous high AND above the 10.0 zone acting as a resistance.
Once we have this break (projection in purple) then we will be looking for buy setups on the 10.0 zone retest.
Meanwhile, the bears can still reject the 10.0 zone for another bearish impulse movement till around the 5.0 zone.
In this case, we will be looking for buy setups on lower timeframes as price approaches the 5.0
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
✅Is GMT ready to PUMP? Long after the false breakout! 📈Stepn (GMT) is now in a triangle and according to technical analysis should break up. But will it really do that? In this idea I will explain to you where you can open a long with the highest probability of success.
✅Why is a long more possible? After bouncing back from the bottom by 100%, retail traders have started to accumulate altcoin in a triangle. On a local manipulation and a break down, a large number of GMT will sell off and a big player will accumulate enough position for a Long. Do you want to be like a big player?
🎯The targets:
1. $1.86-2 - value area, round number
2. $2.61-2.8 - value area
📊What do you need to pay attention to?
🔶The volume indicator will help you understand if a big player bought on this manipulation. The volumes should increase!
🔶Keep an eye on Bitcoin. Altcoins very often repeat its movements, so if there will be such a manipulation on Bitcoin, then also on GMT.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
APE/USDT BUYING SETUP (SWING)Buying #APE/USDT (SWING)
$APE Look's inverted HNS. big volume on support , close with STRONG bullish enqulfing on support line It's good setup for entry. Potential breakout
MACD showing bullish crossover
Buy zone : 8.8 - 8 - 7.4
Target : 9.7 - 10.15 - 10.98 - 12.04 - 13.7
stop : 7
[ALTCOIN] APEUSDT TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
Based on where it fell the most, it is currently rising while maintaining the upward trend.
For stable trading, it will be after testing on the thick pink upward trend.
If it fails to break through the yellow downward trend, which is currently being resisted, it can go to the bottom red trend to see the bottom again.
ape usdthi guuuyz
After seeing the pattern of the cup and handle of this currency, it was able to show a good recovery.
Static resistance is also available at $ 10, which is confirmed by Fibonacci lines.
But at $ 8, we also see relatively strong support.
If we lose this support, we will see prices of $ 4 and below in the coming days
But if the $ 10 resistance is broken, we will see the price return to the $ 11 range and a bit higher
We can also see the pattern of the cup at high time, which can help break the resistance
The channel created in this template can be a confirmation of this
This channel consists of dynamic support and resistance
We also need to influence the fundamental news in this currency
One of the important news is that Instagram will join NFT
Ape shortThe trend is changing direction, aka reversal due to a double top in 4 hourly. 5.84 seems to be strong support, the price however is more likely to follow the downward trend to 7 or 6. We may also have another crash at the beginning of next week.
This is not financial advice. Make your own research and be cautious, especially during this uncertain period.
Platinum Tehnical, Fundamental Analysis
Platinum is the most undervalued metal compared to gold and silver and is certainly a good hedge in inflationary times. I see a great future mainly because platinum will be needed for hydrogen vehicles.
Good entry points: 750 USD (probably in June) , 910 USD
Short term (the end year 2022) price prediction: 1260 - 1350 USD
Long term ( 5years ahead ): 2500 - 3000 USD