APEUSDT
APE/USDT Technical Rally: From $1.70 Support to $10 Target!APE/USDT Technical Analysis: Potential Upside Amidst Support and Oversold Conditions
NYSE:APE is currently valued at $1.84 and is showing signs of being oversold on the charts, indicating a potential for a significant upward movement from its current level.
Key Observations:
Oversold Territory: The current chart analysis reveals that NYSE:APE is trading in an oversold area, which often suggests that a price reversal or strong bounce might be in the offing.
Solid Support at $1.70: The coin has found substantial support at the $1.70 mark. This support level could act as a buffer against sharp declines, potentially contributing to price stabilization.
Long-Term Accumulation Potential: While minor corrections could occur, the overall sentiment suggests that accumulating NYSE:APE for the long term could be a prudent strategy, given the current technical outlook.
Proposed Entry Points:
Entry 1: Consider initiating a position between the price range of $1.80 and $1.60. This zone provides an opportunity to enter the market before potential price gains.
Entry 2: For more risk-tolerant investors, an entry range of $1.20 to $1.00 could be explored. This range might yield greater rewards but comes with increased risk.
Price Targets:
Target 1: If the coin manages to breach the $4.50 resistance level, a price target of $4.50 is feasible. A successful breakthrough could trigger a significant upward movement.
Target 2: In the event that NYSE:APE surpasses the $4.50 level, the next targets to watch for are $10 and $15. A sustained move above $4.50 might generate momentum to push the price further upwards.
Conclusion:
Considering the current technical indicators and support levels, NYSE:APE appears to have the potential for substantial price movement. The oversold conditions and the presence of a strong support level at $1.70 add credence to the possibility of an upward trend. Investors may consider accumulating at the suggested entry points, with an eye on the resistance level at $4.50. If this level is breached, the coin could experience a significant rally towards the $10 to $15 range.
APE. Stress test.A rather negative mood prevails in APE community. Although the forum is quite active in terms of proposals... Probably in the foreground they still have NFT rather than APE.
Well, we have a 71% fall in half a year. A decline at a time when the market has taken a relief rally. If, over time, APE drop to less than $1, I will buy, it will make sense, but only for the speculation purposes. There is still a lot of hype in capitalization at this point.
APE IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT 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 Analysis: Seizing Bullish Momentum!Macro PVVM (Long-Term):
The range for Macro PVVM in the last seven days is from -83.65 (minimum) to -21.71 (maximum), suggesting a shift from a strong bearish trend towards a less bearish or possibly bullish trend.
Micro PVVM (Short-Term):
The mean Micro PVVM value is 32.33, indicating a bullish movement in the short term. The range for Micro PVVM in the last seven days is from -3.19 (minimum) to 48.83 (maximum), suggesting a strong bullish movement in recent days.
Key Takeaways:
• Despite the overall bearish trend indicated by the Macro PVVM, recent data shows a possible shift towards a less bearish or potentially bullish trend .
• The Micro PVVM indicates a bullish movement in the short term, especially in the recent week. This could be an opportunity for short-term traders.
• The asset seems to be showing signs of strength, making it an ideal scenario for a long entry according to the PVVM rules.
Trade Idea:
Considering the recent bullish movement and a potential shift in the long-term trend, a possible strategy could be to enter a long position on the asset. However, traders should keep a close eye on the Macro PVVM to ensure that the shift towards a less bearish trend continues. If the Macro PVVM starts to decrease again, it may be a signal to exit the long position and possibly consider shorting the asset.
Price Prediction for the Next 7 Days:
Based on recent momentum, we could expect a potential continuation of the bullish short-term movement to hit $2.53.
BTCUSDT 4H : READY FOR SELL Hi Guys Hope you well,
The uptrend is very weak and I expect to see a good drop in Bitcoin once the price box is reached.
SecondChanceCrypto
⏰19/JULY/23
⛔️DYOR
Always do your research .
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APEUSDT - new trend 20231. price made Trend line breakout
2. local Bullish structure 🐂
3. global Bullish structure 🏁
4. and secret information
news
The minimum price of MAYC NFT fell almost 16% in 24 hours.
Machi Big Brother accumulated 84 Azuki in 24 hours, becoming the second-highest holder of the #NFT series
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📈 $APE Unveiling a Promising Node Falling Wedge Pattern! 🐵📉$APE/USDT has caught our attention with a notable Node Falling Wedge formation. This pattern signifies a potential bullish reversal and presents an intriguing trading opportunity. 🚀💥
Will $APE/USDT break out of the wedge pattern and ascend to new heights? Join the discussion and let's unravel the potential of this exciting cryptocurrency! 📊💬
#APE #NodeFallingWedge #BullishReversal #CryptoTrading #TradingOpportunity #TechnicalAnalysis
#Crypto #Trading #TechnicalAnalysis
Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always do your own research before making any investment decisions. Happy trading! 📈💰"
Remember, trade wisely and manage risk effectively!
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.