Apecoin
BITCOIN 30min TA : 05.03.22 (Update)As you can see, the price is in a neutral range and it is important the break of the $ 39,400 to $ 40,000 resistance or the break of the $ 37,400 support to determine the short-term trend .
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.03.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
APE COIN - Key Level is the 17,75$ 🍌🦍Apes Together Strong (and a bit of Monkey business as always):
ApeCoin (APE) announced its integration with Ethereum (ETH) sidechain Polygon after the recent Yuga Labs’ Otherdeeds nonfungible token (NFT) minting incident that led to speculation on a new chain for APE.
On Sunday, Yuga Labs, the creators of the Bored Ape Yacht Club NFT collection, opened the minting for Otherdeeds NFT land. The drop gained overwhelming support from its community, with an estimated $300 million in sales. Despite this, the drop encountered a list of issues such as pushing ETH gas fees to unprecedented highs, making users pay around 2 to 5 ETH for gas.
Because of this, users that failed to mint NFTs but still paid ETH gas fees were outraged and expressed their frustration through Twitter, with some even tweeting that they are pulling out of their APE-related investments.
While Yuga Labs promised to refund their gas, some users began to speculate that the failure was a planned marketing stunt, highlighting a problem, then announcing a new chain for APE. However, an ApeCoin decentralized autonomous organization (DAO) representative denies this.
ApeCoin DAO Board Member Yat Siu clarified that this is not the case. While Yuga Labs encourages the DAO to think of migrating to a new chain, Siu noted that there was no discussion among the DAO's board members nor with other parties about the possibility of an APE chain.
Despite the clarification, some are not convinced and are still unhappy about the results of the event. Twitter user MetaMan said that the facilitators of the event should simply admit that they messed up and that it was a bad idea.
ps. Our Fibonacci worked miracles so far..we don't think it will let us down this time either
One Love,
the FXPROFESSOR
$APE bottom in? APE CHAIN?The next NFT frontier for the apes, APE CHAIN .
Could $APE launch itself to compete w/ $BNB? It all depends on how heavily invested/serious they are in building an actual metaverse to reality. Looking at the founders of the coin, how $APE is now a payment currency on open sea , and how most metaverse projects are having trouble launching, I’m afraid $APE is a buy the rumor, sell the news type of coin for now.
Would recommend getting on ape now at ~$17
Long based on speculation that other people will ape their $ to fund a potential leading metaverse project. Whether or not it delivers is irrelevant to making a profit given the strong community in the NFT space.
More on the technicals:
$APE looks like it might bottom out here around $17 from a bull div on the 2HR and moving away from a state of mean reversion since the high of $27. The BBWP indicator has yet to confirm the end of the volatile move but I speculate it will give consolidation soon as more APEs pause redeeming land deeds as they get sold out or wait for gas fees to come down to more reasonable levels. Once we get a rally, expect resistance at ~$20
The key points of confluence for the bottom:
Wave 3 PoC
0.5 fib retracement of Wave 3
1.272 fib extension of Wave C of ABC pattern on Wave 4
The token distribution looks fair, though I would remain cautious of any possible scam wicks given how normie-friendly this coin is. If we break the $16.6 low, there is a 50/50 chance of visiting the white trend line at ~$12.
Trade :
Long
Entry: $17.5
TP: $20, $24, $34, Delivery of Metaverse Project
SL: $15
potential strateges to survive the bear marketThe war between Bulls and Bears are natural and inevitable, as a matter of fact the market needs the bearish momentum in other to create more entry opportunity for buyers.
Bear market is difficult to articulate as no one can actually predict the top or when it would hit the bottom making it difficult. to tell when to exit the market during the bull run and when to enter during the bear blood bath and wrong timing leaves traders with regret.
the most important thing in every war is being the survivor and to be the survivor you need some strategic approach. in view if this i am highlighting 6 Crypto bear market survival insight on this article to help you survive any bear market.
1/} DO NOTTING: why should you sell the innovation which you you believe in and also has the potential to change your life in longer term.
>more so its much better to be hodler than a trader as you wont be missing any opportunity
>knowing that crypto market is not just designed to only moon should give you the assurance not to panic sell.
>the crypto market correction (aka bear market) should be seen as an opportunity to buy more.
2/} GO 100% CASH: if you are good in market analysis and you dim your trading strategy fit, you may consider going 100% cash or 100% stable coin any time the market hit resistance and you buy back on support bottom. but chances are that you will miss some opportunity as no one can actually be 100% accurate on crypto market.
3/} DCA: this is one of the unique strategy that many individuals utilize even michael saylor the founder of micro strategy which holds about 129,218 bitcoin have been trading with this method.
Dollar Cost Average technique is a great method method to lower the entry price of an asset. This can be archived by buying more during a potential market decline (eg, 20%, 40%, 60%,) this could give you an edge as you could make 10x of your investment before the market rebounds to your first entry point.
4/} portfolio Allocation: in other to minimize the wight of bleed in your portfolio during bear market, it would be wise to diversify your portfolio (eg, 60% Bitcoin and 20% eth and 20% stable coin.) if bitcoin goes down 50% their are chances that other alt has hit 70-90 percent lower from the all time high.
i will be posting how to effectively portion your coin on my twitter page so try to check it out.
5/} Fund Management: you need to have a strategic approach on managing your buying power. i have had people complain of not having fund to buy more. don't go all in at a time in other to have funds at your disposal. always anticipate that the market could go lower. split your 100$ in 10 packs to enable you buy more 10 market dips.
6/} Be smart: stay healthy with good diet, exercise regularly and read
that would be the end for today, i would like to here your opinion or the strategy that you are using on the comment section.
plz kindly follow and share with your friends.
don't forget to hit the like button.
trade safe
$APE - Who is aping in?Hi Traders,
We've just come across $APE, we would like to share our idea of trend lines, there seems to be a lot of high around it, NFT driven Ethereum Token.
High Volume
High Marketcap
High Supply
High Twitter follower 335k
High Google Search Results "Apecoin"
About 13 300 000 results (0,42 seconds)
Are we looking at a good buy opportunity and long term project or is this just another NFT Token and Metaverse hype?
This is no financial advice, just to share our speculation if anyone has more valuable input please share.
Thank you
#ape #apecoin #trendlines #oppuninty #long
$APE - BoS on 4HR -Long at Order Block *SMT**SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remembers price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equasl Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.
APE has been all over the place lately. However, with Smart Money theory, we canb digest where this coin is going next. On the 1 hour time fram it looks as if this is going south. Buit larger time frames Trump smaller ones. The 4 hr time fram has a break of Structure, meaning that the 4 hour candles close higher than the previous highs close. The Wicks do not matter, the closes are what matter. And with the 4 hour closing much higher, this is a bullish sign to the chart. Therefore according to Smart Money theory, we should see a bullish move at the order block which it has just entered. the order block is the last bearish candle prior to a bullish candle that closes above it.
(P.S. I Found a great indicator for Smart Money Markings. Search for "Super Order Blocks / FVG / BOS TOOLS" in the "Indicators" section and that's the indicator, you'll see they've coded exactly how I normally make my charts. I copied the code and changed a few thingas in the codie to my liking and renamed it ICT TOOLS anmd left the original authors of the code in the name)
So it has entered the order block and it can go as far as the bottom, however, it really shouldn't go past the median of the body of the 4 hour bearish candle, which is where the prange box is, in all honesty. If it does it could be more bearish. I do not believe this will be the case. So I'm Longing it here and aiming for the first high just prior the bearish order block.
If you don't feel comfortable with the full take profit area, I have marked 3 price points in which you should be able to safely take a little profit at each one and move your stop loss up each time you hit one of these take profit points here is the chart the the take profit price points
We'll just have to wait and see if I am correct on my assessment
Cheers
APEUSDT has made a double topAPEUSDT has made a double top and after breaking below the neckline we can expect that the price continues to go lower to around $16.0000 Large red candles at the top of the channel shows the selling pressure from the seller which can forced the price to go lower.
💎 APEUSDT
🔵 Entry zone 24.2125 - 21.0220
🟢 TP1 19.5500
🟢 TP2 16.0000
🟢 TP3 10.5500
🔴 SL 28.0000
Good Luck 🎲
APE - what's next?🐒After reaching the 2nd target from my previous idea...
...I think that Apecoin will be consolidating between the yellow trendlines and will create sort of triangle before next move. If that will be the case I will be ready to trade the breakout both ways.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
APE has the potential to tap $27The current volatility has made APE quite risky amongst the instruments. It still has the potential for a wick fill towards the left side once the resistance is broken out for buys and validated by the price action. Even so, buying right now does not make sense. At the ascending trendline retest, we can asses the price reaction for the bullish move and then take the trade.