ApeCoin | Bullish Channel - Price May Rise AgainApeCoin | Bullish Channel - Price Can Rise Again
During the last days price broke out from a bullish channel.
We can see the price to rise as the chances are higher for the bullish move.
One thing that we have to be careful as that ApeCoin and all the crypto market
is moving with a very low volume and this may impact our pattern as well.
Targets on the chart!
Thank you and Good Luck!
Apecoin
#APE/USDT 4HOUR UPDATE Hello, welcome to this APE/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-
APE is trading in a falling wedge pattern. The major support is the $4.00-$4.30 area on the daily time frame and this is also the support level of the falling wedge pattern. The resistance is the $4.55-$4.60 area and the major resistance is the $4.90-$5.00 area.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
thank you.
APEUSDT Neutral within the Triangle. Wait for break-out.*** ***
For this particular analysis on ApeCoin we are using the APEUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where APE has been trading within a Descending Triangle pattern since the June 30 Low that started its Support. As you see the late price action is limited below the 1D MA50 (blue trend-line) and continues to trade sideways into its eventual exhaustion.
The 1D RSI has already made a break above its Lower Highs and the MACD a Bullish Cross so we are waiting for a break above the 1D MA100 (green trend-line) that will confirm the bullish sentiment and target the 6.3950 Resistance (1), where most likely will make contact with the 1D MA200 (orange trend-line) as well. A closing above it also further targets the 7.7700 Resistance (2), which is the top of the Triangle.
On the other hand a closing below the Triangle's bottom (4.1550), would be a bearish signal targeting the 3.0700 Support (June 15 Low).
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APE | The price needs to hold above 4.6 in order to rise furtherAPE | The price needs to hold above 4.6 in order to rise further
As we can see from the chart APE Coin reacted very well during our previous analysis.
Actually the price looks like it is positioned to create a bullish move but it is still
creating and expanding pattern.
Overall the price is in line with our bigger picture and it could rise more during
the coming days.
However the price needs to hold above 4.6 in order to rise further and quickly.
Thank you and Good Luck!
Previous Analysis:
Keep an eye on APE! Here's a quick Look at the APE daily chart.
The best entry would be when the price breaks above 5.1$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 5.1$ and take profits at the levels shown in the chart.
Targets:
1. 5.4$
2. 5.8$
3. 6.4$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
APE WILL SOON FALLING TERRIBLYHello, how are you, dear traders?
I think APE is about to start a big C lag. I have two targets in mind and I think at least one of these targets will be seen.
What the chart shows is inevitable. You should make sure that every trade you open is in the low time and is associated with taking the trigger.
If you have any questions, ask in the comments
Thank You
Ape, bananas or nap?There are a couple contributing factors that would lead to further down in APE, Algos and an Elliott Wave Pattern for continuation of the initial move. So watching for a swift move down and a break of the ZZ pivot. If you have found this inspiring/helpful please consider a boost and follow! Also check out the links in my signature to get to know me better! Cheers!
APEHELLO GUYS THIS MY IDEA 💡ABOUT APE is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
APEHELLO GUYS THIS MY IDEA 💡ABOUT APE is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
APEUSDT 3rd rejection on the 1DMA50 but leads to buy opportunity*** ***
For this particular analysis on ApeCoin we are using the APESDT symbol on the KuCoin exchange.
*** ***
The idea is on the 4H time-frame where APE had yesterday its third rejection on the 1D MA50 (red trend-line) in the span of 1 week. Even though this has the technical ability to deliver a short-term pull-back towards the 4H MA100 (green trend-line) and the 4H MA200 (orange trend-line), it may present a good buy opportunity on a 1 month horizon.
At least that's what happened on the June 26 - July 08 fractal, where APEUSDT had a pull-back to the previous low, following a Triple Top rejection, but then started a strong 1 month rise to the 2.5 Fibonacci extension level. If the same price pattern is followed, APE can reach the 2.5 Fib within $8.25 - 8.50.
This time there are additional bullish dynamics that may assist. The 4H RSI remains on Higher Lows, but has a clear Resistance a little over 80.00, while the 4H MACD is on a Bullish Cross since the September 07 Low.
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ApeCoin APE bearish sentimentNext week we have the FOMC meeting.
Most likely the Federal Reserve will raise rates by 75 basis points. In case of 100 basis points increase, i expect a sell-off in the markets.
Major cryptocurrencies have seen heavy coin inflow into exchanges recently.
I expect a strong sell pressure next week.
APE/USDT short
Entry Range: $5.30 - 5.65
Price Target 1: $4.58
Price Target 2: $4.19
Price Target 3: $3.20
Stop Loss: $6.15
APEUSDT 12h Correction ends, soon a strong Apecoin movement upMore than a month ago we published the idea of a APEUSDT trade pair
Then we warned that you must be careful with the longings, as a deep correction could begin.
So it happened, the APEUSD price reached the liquidity zone $4.25-5.25
Now the APE price is a second retesting above the above-mentioned liquidity zone, which gives good conditions for a set of medium and long -term position:
Entrance in the range of $4.72-5
Stop below $4.1698
Take Profit $13.44
Profit/loss ratio 12.5/1
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Keep an eye on APE - could make a move soon!Here's a quick Look at APE 30 min chart.
The best entry would be when the price breaks above 5.51$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 5.51$ and take profits at the levels shown in the chart.
Targets:
1. 5.57$
2. 5.7$
3. 5.8$
4. 6.2$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
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!