$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
APEUSDT
APE/USDT : Bullish exit from triangle triggered - What next?APE/USDT : Bullish exit from triangle triggered - What next?
Previous Analysis :
context :
After the recent Token listing the market is evolving within a classic pause range after an eratic raise right after the listing. APE is already providing 28% of its total supply in circulation with a 26 rank place on Coin market cap with $5,716,251,563
After having 17,50 and confirmed the bullish exit the APE coin is on the road to 22 before 27 even more
Last news : www.tradingview.com
Key Element:
- EMA Support around 17,60
- Auto-similar move and fibo extension 22 and 27
- Key fibo support 14,70
Tactical view
Buy and add in any dip as long as 27 hasn't been reached
Enjoy my Friends !
$APE $APE $APE BEARISH BULLISH BEARISH
As we can see the market is currently bearish
on the 4hr.
BINANCE:APEUSDT
After creating a double top @24$ and stochastics
making a lower high. The market dumped hard.
Thereby failing to break the highs of 28$.
The trendline got broken and now we are
expecting a good pullback this neww week
to form a new lower high. Then a new low.
Before that happens, it will be best to see
price first tap 15.55$. Then we would look
for exhaustion around that area, when we
see it, Entries will be on lower timeframes.
16.25$ is also another level to watch out for
reversals.
Wish us a successful trading week ahead.
#$KC #Meekhillacademy #RICHMMDT
$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
BITCOIN 4H & Weekly TA : 04.30.22The price is in a significant support range, but the closer we get to the closing of the monthly candle , the more likely the sellers are to take power, And if $ 37,700 support is lost, we can expect a drop to $ 33,000 to $ 36,600 as the FIRST TARGET .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.30.2022
⚠️(DYOR)
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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.