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Apecoin

RSI on APECoin pullback. 3.80% gain on its way.$APE is still in a downtrend and i wanted to post this before the trade finishes. In the image attached you'll see 3 RSI readings. RSI 1st candle = a MINUS of -1.43 RSI 2nd candle = a positive of +2.33 (This is the one i need) RSI 3rd candle = a second confirmed postive of +4.93 As noted with my RSI formula. An RSI of 2.33 = a 1 to 2.33 risk reward ratio. So i entered the trade with those limits. This will work even though i am betting AGAINST the main trend even though i can not find ANY divergences prior to the entry. I do however have FRACTALS setup on a 21 period and i got a notification of one (Bullish) So i started looking for the first confirmed RSI signal closing over 50 (or closing over ZERO in this case) After that, I need a second consecutive candle closing above 50 (or ZERO) as well. The second one is my entry. Then i take the value of the first closing RSI over 50 and use it in the formula. 2 for my scale is 53 on a regular scale. 52 = a 1 : 2 ratio below the 200ma and a 1 : 3 above the 200ma (so we have 1 :2) Now lets look at the left over numbers Here i move the decimal over ONE place and its So the total for my risk reward is ( 1 : 2.33 ) This would be the end of the pullback WITHOUT counting any momentum in the move. Usually 2 or 3 candles later youll have a candle closing EXACTLY at that height and the trend continues down.
by CoffeeshopCrypto
1
ETH/BTC DIRECTIONAL SUPPORT & UPDATE For those of you ( probably like 5 people ) that had the opportunity to read my last idea about a possible perfect bottom. Looks like the bottom we called was within 10 +/-. Pretty good! The Weekly RSI indicated selling pressure was exhausted. Now that we have confirmed the beginning part of that idea, I'd like to share some of my thoughts. I have been considering the idea that many bears are pushing that we will see a dip down to the 21-24k range. While I have prepared for such a drop, it seems a bit exaggerated based on the market technical ( but not impossible ). The recent spike in prices shot the RSI beyond the 70 + range then it quickly correct balanced while retaining a higher price again showing me the selling pressure is getting exhausted at these levels. Right now, I am looking for another solid RSI spike to 80+ hourly range followed by a deep correction below 40. If the price vs RSI continues to balance upwards, the less likely we will see this 21k-24k bottom. Given the situation, this is a good chance for solid bear trap followed by a solid short squeeze back to the 42k range.
BITSTAMP:ETHUSDLong
by TraderETHBTC
LONG - BTC/ETH - POSSIBLE PERFECT BOTTOM ENTRYEthereum and Bitcoin have both hit the lower end of the RSI Indicator. 8 weeks of red and frustration from recent events have created a situation where the new bull market could result in a possible new high. Most interestingly is the Weekly (14) RSI is at a history low indicating the market has exhausted its selling pressure. Targeting 63 RSI on the daily BITCOIN CHART followed by a correction before rocketing the Daily 73-77RSI range.
BITSTAMP:BTCUSDLong
by TraderETHBTC
1
APE/USDT Update 📈📉WHATS UP GUYS! In last 2 analysis that I posted for APECOIN , according to my analysis it was be able to reach my all targets and as I told you guys be ready for a possible correction and it happened ,of course after hitting higher tps then due to terrible market crash it also lost all past support ( > 100 % long - > 70 % short till now 🎯💰 ). So today we can see it really crashed after whole market crash and the overall trend is still bearish right now , and also it is struggling with the pivot zone ,and I think it can decline to the lower support again , but if it be able to overcome the pivot zone and stabilize itself above it can reach the resistance zone close to vwap line once again ! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
by PRO_SMART_Trader
APES - Odds are Odd ( 3$ ? ) 🍌🦍 We had recently posted another 'Funny comic' one on another epic PUMP AND DUMP chaos. The LUNATIC one: For those who can understand the patterns and the tricks played this was an interesting analysis. Now let's go to the APES: APES are taking over for a more 'structured' and patterned PUMP AND DUMP : Dump on Even, Pump on Odd. Dump at 12$ Pump at 5$ Dump at 10$ Fake Pump at 7$ ---follow the pattern and you get this: Pump at 3$... We going short you Lunatic APES. It smells bad and it's probably worse than it smells. The FXPROFESSOR
FTX:APEUSDShort
by FX_Professor
9
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.
COINBASE:APEUSDShort
by CryptoNCoffee
3
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.
by Bixley