APEUSD
ApeCoin Ape price is weak and still down-trendingWhile most altcoins recorded the bottom of the decline on June 10, the APEUSDT price decided to be more "creative" and continue to fall further.
Over the past 3 days, the price of BTCUSDT has grown by +17%, by the way, at this idea we updated target:
And the APEUSDT price has added just +22% since the bottom, which is a very weak result, frankly speaking. Therefore, we don't want to draw super upward arrows that the price will soon grow and give vain hopes.
Now, the first and only task for APE buyers is to create at least some interest around the coin and raise the price to at least $2.90. This level was a strong support for the APEUSD price at the end of 2022, when the BTC price was around $15k (and now the price is twice as high - 30k)
What will happen next with the APE price is difficult to predict, we will need to observe and analyze the dynamics of events in the future. So if you are interested in further analysis of ApeCoin from us, write about it in the comments, and we will analyze the APE price movement more often and published on Tradingview
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Why is APEcoin still in Top 100 Cryptocurrencies?!?!If you haven`t read the APE Coin Growth Thesis:
Then you should know that APEcoin's current market cap of $2.3 billion and its position within the top 100 cryptocurrencies seem overinflated and unjustified. The project's reliance on non-fungible tokens (NFTs) raises concerns about its intrinsic value and utility within the broader crypto ecosystem.
Unlike other cryptocurrencies that offer tangible benefits, APEcoin's NFTs fail to provide significant value. While NFTs have gained popularity, their long-term sustainability and practical applications remain questionable. APEcoin's NFTs lack a compelling narrative or clear use case that would justify its market capitalization.
In contrast to APEcoin, top-ranking cryptocurrencies have solid underlying fundamentals, offering functionalities such as decentralized applications, smart contracts, or efficient cross-border transactions. APEcoin's limited value proposition puts it at a disadvantage in the highly competitive crypto market.
Considering these factors, a market correction or revaluation for APEcoin appears likely. A more realistic price target of $1.04 is in line with its current value and potential market demand.
Looking forward to read your opinion about it.
Analyzing Support and Resistance Levels using TBO Indicator for Introduction:
In this analysis, we will examine the support and resistance levels for the $APE/USD trading pair. Often, identifying these levels can be complex, but with the help of our proprietary indicator, TBO (Trending Breakout), we can obtain unbiased information regarding strong levels of support and resistance on the chart.
Understanding TBO and its Role:
The TBO indicator is a valuable tool that aids traders in determining significant support and resistance levels. By using this indicator, we can simplify the process of identifying these levels, making our analysis more efficient and reliable. TBO provides non-biased information, enabling us to make informed trading decisions.
Interpreting TBO Support Levels:
It's important to note that a long TBO Support Line indicates a strong level of support. However, it's crucial to understand that even a strong support level can be temporarily breached. Sometimes, market forces may cause support levels to be wicked into, resulting in stop losses being triggered and weak-handed traders exiting their positions. This temporary breach may be a deliberate move by market participants to create a false breakdown before the price bounces back successfully off the support level.
Profit Opportunities for Long-Term Traders/Holders:
During these moments of temporary breach and subsequent bounce-back, longer-term traders and holders can seize profitable opportunities. By recognizing the significance of strong support levels, traders can remain confident in their positions and take advantage of the price rebound. This approach allows them to benefit from the upward movement and potentially generate profits.
Conclusion:
In conclusion, the TBO indicator plays a crucial role in simplifying the identification of support and resistance levels. By utilizing this tool, we can obtain unbiased information about strong levels of support or resistance on the $APE/USD chart. However, it's important to remember that even strong support levels can be temporarily breached, providing opportunities for longer-term traders and holders to profit from price rebounds. By combining the power of TBO with a strategic approach, traders can enhance their decision-making process and potentially improve their trading outcomes.
APE ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the APE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
APE, triple bottom daily.. ascend next.APE, just created its third daily bottom touch point and bounces off again to the upside -- proving the 3.8-4.0 area as a major order block support.
Net buying / accumulation has been spotted today -- the first one in almost two weeks. Expect some imminent price shift to the upside from the current levels.
Spotted at 4.0
TAYOR.
safeguard your capital, always.
Dont buy APE before this level i broken! APE Trade setupHere's a quick look at the APE 8 hr. char
The idea is: Buy when the price breaks above 4.45$ and take profits at the levels shown in the chart.
Targets:
1. 4.5$
2. 4.55$
3. 4,63$
4. 4.83$
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Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
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Ongoing trades to keep an eye on:
DOGE / USDT: TP1 met and still going
XRP / USDT: TP2 met and still going
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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 drop as well. Trade safe!
Dont buy APE until this level is broken!Here's a quick look at APE 8 hr. chart.
The idea is: Buy when the price breaks above 4.75$ and take profits at the levels shown in the chart.
Targets:
1. 4.85$
2. 5$
3. 5.15$
4. 5.5$
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Recent Altcoin trades:
ARB / USDT: 30% profit
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About our trades:
Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.
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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 drop as well. Trade safe!
Trade Alert - Take ProfitTraders,
Are you beginning to sense that I am unsure of what will happen in the next week or so in the altcoin space? This is true. While I am fairly certain that Bitcoin will pullback at some point in the future to either retest our HKEX:25 ,200 level or, just above that, the 50 day ma - I am less certain as to how altcoin will react to BTC if it does pullback. In the past, during bear markets, altcoins have always exaggerated any move to the downside during a bear market. We are still in a bear market and with tomorrow's Shanghai upgrade on the Eth network which unlocks millions, I am just not sure how alts will respond. For me it's better to capture any profits I have while I have them and to wait until I see proper setup forming again for re-entry.
You can see APE is up into resistance here at the 50 day. I sold.
I have also sold Audio and Matic for now and am in cash at the moment.
Stew
A P E / U S D T ✔️and here we are again with more beautiful surfing waaaves !!!
APE balance point is 5.2
so we expect APE moves towards $5.2
support my page if you liked the idea !✔️
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✅TS ❕ APEUSD: confirmed the support area✅✅ APE/USDT confirmed the support area.
The chart has formed an ascending bottom.
We believe that the price will rise. ✅
🚀 BUY scenario: long to 4.572. 🚀
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