APEUSD ❕ strong resistance levelAPE is trading near a strong resistance level.
On the 4H TF, price is testing 50EMA as resistance.
The RSI chart is in the sellers zone (4H, 1H and 30m TFs)
50EMA has broken down 200EMA (1H and 30m TFs)
I expect the asset may start to decline after price fixes below the current range.
APEUSD
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.
APEUSD ❕ under a liquidityAPE is trading under liquidity and a bearish takeover has been formed on the 4H Timeframe at the peak.
Price and the RSI chart have formed a bearish divergence (4H TF) with the indicator itself signaling a shift of initiative to sellers.
The stock is testing 50EMA as support (4H TF)
I expect a fall after the price fixes under the liquidity zone.
APE CAN GO UPPERHello, dear traders. how are you ? Today we have a setup to buy/long 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 next ResistancesApe has several interesting psychological numbers. The most interesting is a 4.236 expansion to the level of APE $6.236, matching a 0.707 retracement of the top in August ($7.7) to the most recent bottom at $2.6
Let's see what happens at these supply zones. Numbers noted on the left.
Buy APE only when it breaks this level!Here's a quick look at the daily APE chart. As we can see, the price has been in a downtrend for some time now, and the best entry would be when the price breaks back above 4.51$! 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!
APEPERP - It looks weak.The pivot formation is not ready yet. But at the moment you can mark out that the price is trading near the lower boundary of the range, at support levels.
In the near future we might see the price climbing up to the upper boundary of the range. But it's still flat and sideways. If this formation does not hold the current support (2.8-3), the price will fall.
If you liked the idea, please like it. That's 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 please yourself and your
your friends.
APEUSDT - Short Setup +68% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
The entire cryptocurrency market has been trading bearish over the past 3 days and we are seeing altcoins bleed out harder than BTC. This is a short setup opportunity for Apecoin / APEUSDT with a potential upside of 68%.
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