APECOIN - Under Wyckoff AccumulationWe have broken out of the downward channel to the upside and I am now bullish as that yellow resistance line is now support. And I took a close look at the pattern to potentially identify a Wyckoff Accumulation , to which we may be just making the spring. As long as BTC is going to present a bullish argument, and as long as we hold above $3.20 this pattern could go higher than targeted. Good volume on 4hr, but also maybe overbought on some time frames. Not financial advice, DYOR.
Apecoin
APE coin wave count in 4H time frameHello
Since APE coin started to correct has entered in a WXY wave that has covered waves W and X and in order to fill wave Y as if it's having a double ZIGZAG
At the moment one of the zigzags has been covered we expect that after filling wave B, it'll start another ZIGZAG
This can be more accurate with your opinions
Thanks
Reza
APE USDT shortWe had a great run and APE is performing very well in this bear market, the staking news pushed the price from 2.8$ up to 4.5$ !
I do have some APE coins in spot locked in staking and i am confident in that long term , but meanwhile it s time to retrace for ape, let s give it a closer look:
-1H demand zone hitted and rejected hardly (this means that is a good zone where the is a lot of selling pressure and orders)
-Fibonacci retracement filled 0.5 i don t think we are going to fill 0.618 for now being the 0.5 level the same with the supply zone.
Entry: 4.02
StopLoss: 4.088
TakeProfit: 3.831 (for now ... , might close a 75% position here and let it run the rest towards 3.55 maybe ... i will post updates in case)
Risk reward 3 LEV 10X
APE: Channel Down PatternApe Coin (APE) technical analysis:
Trade setup : Trading in a Channel Down pattern, attempting to break out. Price failed to break out once already and returned to the Channel Down. Wait for a breakout, ideally above $4 resistance. (set a price alert).
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00, then $5.00, and $6.00.
$APE - something like thisHello my Fellow TraderZ,
As like many other #ALTS , $APE is also looking WEAK despite strong moves few days earlier.
Here is my projection on #APE in coming days. Also this idea is still very much in play but if the market decides to SHORT SQUEEZE first then I guess major resistance for #APECOIN comes near $5.40.
Have it on radar.
Happy Trading. CHEERS!!!
Ape coin staking has started but the near future looks bleakApe coin staking started with great success for Yuga Labs and BAYC members. However, the macro economic conditions put additional stress on the Ape coin especially if it leads the members to cash out their stake rewards consistently. It will create consistent downward price pressure on APE. Technicals indicate price action to revisit under $3 again.
APE: Channel Down PatternApe Coin (APE) technical analysis:
Trade setup : Trading in a Channel Down pattern and appears on the verge of breaking out. Swing traders can trade the Channel (Enter near support trendline, Exit near resistance trendline). Trend traders ought to wait for a breakout. If it breaks out above Resistance Trendline (around $4 currently), price could rally to $5 or higher.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Neutral on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00, then $5.00, and $6.00.
Buy APE only when it breaks this level!Here's a quick look at the daily APE chart. As we can see, the price has been in a downtrend for some time now, and the best entry would be when the price breaks back above 4.51$! This will only happen if BTC decides to go north. The current market sentiment isn't bullish, so this setup has a low probability of playing out.
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The idea is: Buy when the price breaks above 4.51$ and take profits at the levels shown in the chart.
Targets:
1. 5.2$
2. 6.4$
3. 7.3$
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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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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
$APE - looking good to Ape inHello my Fellow TraderZ,
Just have a look at $APE #APECOIN, this is the perfect trendline rejection and I am still waiting to break this strong Trend.
Price is currently taking support of the 55+200 ema on 4HTF and bouncing. Once TL breaks I am eyeing for atleast 22% gains. Watch this out. No hurry to take the trade before any retest.
Happy Trading. CHEERS!!!
APEPERP - Positive dynamics.Exit from the trade at the extreme support point at 2.88 shows the positive dynamics of the resumption of buying. Let's keep watching.
If you liked the idea, please like it. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your
your loved ones.
Continuation of this idea
APEBTC - Gaining momentum.!Next recovery on the line is APE coin vs Bitcoin!
It is already above the 0.236 Fibo resistance with acceptance above it..
I target the 0.5 of Fibo. and bonus target would be 0.786 of Fibo.!
Target 1 : 0.00022582
Target 2 : 0.00024515
Target 3 : 0.00029198
Stop : 0.00017994 (Previous low!)
Total no. of Analysis : 21
Successful trades : 12
NPNL : 4
Stop Hit : 4
Lost : 0
In Progress : 1