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APE

APE ManipulationAPE seems to be a coin that whales use to manipulate the market. A pattern I've noticed seems to be: - Build buying momentum on APE, cause a breakout - Breakout traders buy APE, pushing the price up - The APE coins the whales accumulated during the dip get pushed up - Once all the retail is pumping APE, the liquidity has been taken out of Bitcoin, which probably has a lower price due to APE liquidity going into Bitcoin - While retail traders are buying APE, whales are accumulating Bitcoin, also causing the price to rise. - In a euphoric moment of the bear market, everyone "APE's" in to both APE and Bitcoin. - Once the whales finish their pump and either Bitcoin or APE has reached heavy resistance, they sell off, causing a crash both in APE and Bitcoin. - This crash affects the whole market, since the market follows Bitcoin So what happens? Whales make more money Retail traders get poorer APEing into an APEcoin and get dumped on Whales are able to control the market much easier by sending signals for retail to APE in and give them their liquidity Soon enough the hype will end. We don't know when, but at some point, it will. Buying at this point is pretty risky and not recommended unless you are an experienced trader who is able to ride each wave.
by reiiss7
APE has used up its energy and remains in an uptrendHello everyone, let's take a look at the APE to USDT chart on the 1D interval. As you can see, the price moves in an uptrend channel marked by blue lianims. Let's start with the designation of the support line and as you can see the first support in the near future is $ 14.31, if the support breaks, the next one is $ 11.77, another one at $ 9.68 and $ 7.72. Now let's move from the resistance line, as you can see, the first resistance that APE is currently struggling with is $ 18.25, if it can be broken the next resistance will be $ 20.53 and $ 23.91. Looking at the CHOP indicator, we can see that in the 1D interval most of the energy has been exhausted, while the MACD indicator shows a continuation of the upward trend
by cryptodailyuk
1
APE/USDT : Double Top formation below the ATH's resistanceBINANCE:APEUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Recently $APE has broken above the formed symmetrical triangle and now it's right below the ATH's resistance with a Double-Top formation. The current structure is giving us this opportunity to take a Short position on $APE's movement. Risk management should be passive, Trading Setup : 🔻 Entry Pointe : $16.85 - $17.15 - $17.45 📍 Targets : $16.30 - $15.52 - $14.50 - $13.81 - $13.00 🟥 Overall stop-loss : $18.8 🔰 Status: 🟢 🧮 Profit: - Have to mention that If we caught on Stop-Loss then, You can locate your Long with a TPs for $19.5 and $23.8 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
12
APE cooling off - here's the entry level! Here's a quick look at the APE 30 min chart . As we can see, the price is cooling off in a falling wedge pattern after its massive move few days ago. A falling wedge pattern is a bullish pattern, hence we should keep an eye on this setup - especially at the breakout level. The best entry would be when the price breaks above 14.4$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 14.4$ and take profits at the levels shown in the chart. Targets: 1. 14.75$ 2. 15.5$ 3. 16.5$ 4. 17.3$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
12
APEUSDT : Consolidation in Triangle before bullish exit to 17,50APEUSDT : Consolidation in Triangle before bullish exit Previous analysis: context : After the recent Token listing the market is evolving within a classic pause range after an eratic raise right after the listing. APE is already providing 28% of its total supply in circulation with a 44 rank place on Coinmarketcap with $3,081,905,630 We can be confortable to see a further trading range with a test of the 14,00$ before a tentative of bullish exit to 17,50 regarding the current historical data projection. Key Element: - Action/reaction (back and force move) between key triangle fibonacci ratio calling for Triangle pattern (16,50/9,70/14,80) - Auto-similar move and fibo extension 22 - Triangle support at 10,20/8,90 From a Risk/rewards perspective and key element 10,20 area is the perfect level to buy the dips and play the upper part of the triangle for short-term player or to wait the Bullish to play a significant upside acceleration towards 17,50 and 21 Enjoy my Friends !
Long
by JeanJean1983
3
APE takes a breath after the last growth move.Hello everyone, let's take a look at the APE to USDT chart at 4H. As you can see, the price is moving in the uptrend channel marked by the blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 15.90, if the support breaks down, the next we have at $ 14.95, another support at $ 14.16 and another at $ 13.40. Now let's move from the resistance line as you can see the first resistance is $ 17.89, if you can break it the next resistance will be $ 20.53. Looking at the CHOP indicator, we can see that on the 4H interval, it can be seen that the energy that was collected was used for an upward move and we are currently accumulating and gaining energy. On the other hand, the MACD indicator shows an upward trend.
by cryptodailyuk
1
APE Apecoin: 1H Chart ReviewHello friends, today you can review the technical analysis idea on a 1H linear scale chart for Apecoin (APEUSD). Apecoin has had a really nice pump over the past few days but it may come back down as the RSI is very high. I noted a few places where price may come back down to based on Support and Resistance trend lines and Fibonacci Retracement. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
FTX:APEUSD
by MillionaireEconomics
2