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APEUSDT

APE cooling off - here's the entry level! Here's a quick look at the APE 30 min chart . As we can see, the price is cooling off in a falling wedge pattern after its massive move few days ago. A falling wedge pattern is a bullish pattern, hence we should keep an eye on this setup - especially at the breakout level. The best entry would be when the price breaks above 14.4$ with good amount of volume . Definitely one to keep an eye on! ------------------------------------------- The idea is: Buy when the price breaks above 14.4$ and take profits at the levels shown in the chart. Targets: 1. 14.75$ 2. 15.5$ 3. 16.5$ 4. 17.3$ ------------------------------------------- What Is a Wedge in the context of trading?: "A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Key Takeaways for Falling wedges: 1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods. 2. The patterns may be considered rising or falling wedges depending on their direction. 3. These patterns have an unusually good track record for forecasting price reversals." ------------------------------------------- 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 fall as well. Trade safe!
Long
by MBM_Crypto
12
APEUSDT : Consolidation in Triangle before bullish exit to 17,50APEUSDT : Consolidation in Triangle before bullish exit 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 44 rank place on Coinmarketcap with $3,081,905,630 We can be confortable to see a further trading range with a test of the 14,00$ before a tentative of bullish exit to 17,50 regarding the current historical data projection. Key Element: - Action/reaction (back and force move) between key triangle fibonacci ratio calling for Triangle pattern (16,50/9,70/14,80) - Auto-similar move and fibo extension 22 - Triangle support at 10,20/8,90 From a Risk/rewards perspective and key element 10,20 area is the perfect level to buy the dips and play the upper part of the triangle for short-term player or to wait the Bullish to play a significant upside acceleration towards 17,50 and 21 Enjoy my Friends !
Long
by JeanJean1983
3
APE takes a breath after the last growth move.Hello everyone, let's take a look at the APE to USDT chart at 4H. As you can see, the price is moving in the uptrend channel marked by the blue lines. Let's start with the designation of the support line and as you can see the first support in the near future is $ 15.90, if the support breaks down, the next we have at $ 14.95, another support at $ 14.16 and another at $ 13.40. Now let's move from the resistance line as you can see the first resistance is $ 17.89, if you can break it the next resistance will be $ 20.53. Looking at the CHOP indicator, we can see that on the 4H interval, it can be seen that the energy that was collected was used for an upward move and we are currently accumulating and gaining energy. On the other hand, the MACD indicator shows an upward trend.
by cryptodailyuk
1
CUP AND HANDLE "EXPLAINED" ON APEUSDTWelcome for today's analysis which i will be covering "CUP AND HANDLE" formation What Is a Cup and Handle? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks. KEY TAKEAWAYS A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long. Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern. As a crypto is forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. It is worth considering the following when detecting cup and handle patterns: Length: Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with sharp "V" bottoms. Depth: Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. Volume: Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high. A retest of previous resistance is not required to touch or come within several ticks of the old high; however, the further the top of the handle is away from the highs, the more significant the breakout needs to be. The image above depicts a classic cup and handle formation. Place a stop buy order slightly above the upper trend line of the handle. Order execution should only occur if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry. Alternatively, wait for the price to close above the upper trend line of the handle, subsequently place a limit order slightly below the pattern’s breakout level, attempting to get an execution if the price retraces. There is a risk of missing the trade if the price continues to advance and does not pull back. A profit target is determined by measuring the distance between the bottom of the cup and the pattern’s breakout level and extending that distance upward from the breakout. For example, if the distance between the bottom of the cup and handle breakout level is 20 points, a profit target is placed 20 points above the pattern's handle. Stop-loss orders may be placed either below the handle or below the cup depending on the trader’s risk tolerance and market volatility. What Does a Cup and Handle Pattern Indicate? A cup and handle is a technical indicator where the price movement of a security resembles a “cup” followed by a downward trending price pattern. This drop, or “handle” is meant to signal a buying opportunity to go long on a security. When this part of the price formation is over, the security may reverse course and reach new highs. Typically, cup and handle patterns fall between seven weeks to over a year. Is a Cup and Handle Pattern Bullish? As a general rule, cup and handle patterns are bullish price formations. The founder of the term, William O’Neil, identified four primary stages of this technical trading pattern. First, approximately one to three months before the “cup” pattern begins, a security will reach a new high in an uptrend. Second, the security will retrace, dropping no more than 50% of the previous high creating a rounding bottom. Third, the security will rebound to its previous high, but subsequently decline, forming the “handle” part of the formation. Finally, the security breaks out again, surpassing its highs that are equal to the depth of the cup’s low point. How Do You Find a Cup and Handle Pattern? Consider a scenario where a stock has recently reached a high after significant momentum but has since corrected, falling almost 50%. At this point, an investor may purchase the stock, anticipating that it will bounce back to previous levels. The stock then rebounds, testing the previous high resistance levels, after which it falls into a sideways trend. In the final leg of the pattern, the stock exceeds these resistance levels, soaring 50% above the previous high. Thanks for viewing my analysis on the classic "CUP AND HANDLE" formation
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by tradebotmex
ape pt.2greetings o/ ape looks to be getting ready for a move up, just like btc. the volume has been really nice on this one over the last few days, would like to see it continue. the burgundy zones on my chart are massive levels of resistance, it's going to have to clear these levels to get to my take profit target. so long as the local low from today isn't breached, it's game for a move up if the local low is breached, grabbing it down below in the golden zone is the plan.
Long
by notoriousbids
APEUSDT 4H DirectionPersonally I do not hold any APE . On the 4H time frame APE lost support around the $12.3 level . I would be looking for a potential bounce around the $10 - $11 support zone . But just keep in mind that this coin has been pumping hard the past couple of weeks so I am expecting some downside . Moreover on the Daily time frame is important to consider the $9.5 support level . If we lose this level a free fall would come until the price will meet with the demand level investors are willing to buy , as this is a new coin and we did not set any support levels below $9.5 watch out and be patient . Additionally , I would be waiting until things clear out and we have a clearer picture of what will follows and which levels will hold . Patience is the key here .
by Trader_Sentinel