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.
APEUSDT
APE long @ 3.650 10x leverageAPE has hit a major area of support as the TOTAL and BTC bottom out in momentum once again.
This coin is far beneath the Keltner Channel and I believe with the past confluence of price action in this area we'll find support to retest back into the channel.
We're far underneath our 200-day EMA and I believe we will retest it as resistance.
We are seeing a massive floor forming in the TOTAL and APE 1-hour charts.
We have no bearish Ichimoku cloud resistance in the local area.
I may add onto this position as time goes on.
APEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for APEUSDT
Based on our last analysis on December 11, we predicted a falling trend to happen after a little rise and in this chart the decline has happened after an increase. There are R2 and R1 as our resistance areas which both contain the disability of the price to rise. And S1 is a long-term support area at the bottom that expresses the support of price since the past. Therefore, the price has a fluctuation below R1 and our belief would involve two options here to happen. In case the price is able to provide us some rising signs, there is a possibility of an increase for it to reach R2. Even it is clear that through some falling signs here by the price, the decline will be expected for it toward S1 or lower. We suggest you to wait for some confirmation candles to make sure what the next position will be in the chart.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
APE - steaking put into the projectLast week they introduced stacking. According to observations after stacking, the coin starts to downmoves.
Technically we are above the bear trend.
and below the resistance level of $4.5.
The trendline blues are acting as support and if the price goes near them, the price will most likely fly to $3.5
In any case, there are a lot of layouts.
I will only make a breakdown of this level or trend line.
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 make yourself and your
your friends.
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
APEUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for APEUSDT
Here we have R2 and R1 as the resistance areas that include the unsuccessful attempts of price to rise. And S1 is a long-term support area which contains the support of price since the past. At the moment, there is the fluctuation of price over R1 and we believe it will rise up to R2 and then by giving us some falling signs, the short position of our chart is activated and a decline down to S1 is expected for it. In case the price is able to move over R2 and fixes in that area, then more rise will be there for it. It is highly recommended to activate your stop-loss points for experiencing more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
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.
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.