APEPERP trade ideas
#APE, recovering wave is coming#APE/USDT 12H
#APE was hyped a lot with #GMT's massive pumping.
It made a bearish divergence at the top and dropped to around the $3, almost -90% from the top.
Now, it made a bullish divergence, and bear's cycle looks almost done.
We can expect it reaches the resistance 1 and 2. $5.5 ~ $5.9 and $9.0 ~ $9.5.
Invalid price of this plan is the $3.5 where bullish divergence was confirmed.
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APEUSD 4D: Just another boring SCAM 90% losses(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
- APE USD review / what happened?
- just another boring SCAM
- incredible wealth destruction
- 90% of the value lost in 90 days
- NFT/DEFI hype is over now
- going all in was not a good idea
- maxing out credit cards - BAD IDEA
- lessons learned: control your greed
- lessons learned: DCA don't go all-in
- lessons learned: NFT - no real value
- lessons learned: don't follow the crowds
- always do your own due dill
- and check ideas before investing
- agree/disagree?
- let me know in the comments section
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
$APE to fall from these levels? $3-10 before bouncingTo me, it looks like $APE just found resistance in the $17 region after forming a lower high on the 4HR chart.
Now I think this sets up the possibility for APE to fall much lower from these levels. I think from here, price will likely go back to test the bullish trendline and ultimately end up breaking it to find it's first key support in the $10 region.
However, from there I think price will likely break the $10 support and find it's real support in the $3-8 area.
Let's see how this plays out over the coming weeks.
APE- Mini Chart UpdateThese are our key updated charts with most likely scenarios and key levels.
Remember to do your own research.
BTC is under Major Resistance and the Feds are approaching with a rate hike on Wednesday (unknown in quantity).
On the other hand, some see RSI in low levels and believe a rebound can happen.. we think it's difficult for now
One Love,
the FXPROFESSOR
APES - Odds are Odd Part 2 ( 3$ ) ๐๐ฆ Monkey business is on and the previous odd (5$) has been lost and is now resistance:
APES is our preferred short while we still hope for a rebound on BTC, ADA and FTM
Chart says sell to 3$... painful.
Instead of a yacht club we got bananas
One Love,
the FXPROFESSOR ๐
APE: UpdateOn the 4H chart (and other timeframes), we can see bullish divergence forming where the price action is heading lower and the RSI is making higher lows. This could be a sign of a small reversal coming soon.
Currently, the 4H 50MA (orange line) is acting as resistance, so if we get above that, that would be a good start for a move up.
Support is at $5.20. A break below would invalidate this idea.
APECOIN - We prefer the Red Button for this one ๐๐ฆAPE is one of our preferred short positions this period.
Price has pumped today since all ALTS followed Bitcoin but we are going short here with a stop loss at 7,3$
Buy some, go short on others, that's the plan here and it works so we keep doing exactly that.
Remember to do your own research.
One Love,
the FXPROFESSOR
APES - Odds are Odd ( 3$ ? ) ๐๐ฆ We had recently posted another 'Funny comic' one on another epic PUMP AND DUMP chaos.
The LUNATIC one:
For those who can understand the patterns and the tricks played this was an interesting analysis.
Now let's go to the APES:
APES are taking over for a more 'structured' and patterned PUMP AND DUMP :
Dump on Even, Pump on Odd.
Dump at 12$
Pump at 5$
Dump at 10$
Fake Pump at 7$
---follow the pattern and you get this:
Pump at 3$...
We going short you Lunatic APES. It smells bad and it's probably worse than it smells.
The FXPROFESSOR
APE: ConsolidationAPE has been consolidating in a triangle pattern for almost 2 weeks now and looks ready for a move soon. Everything will depend on BTC's movement, so I would wait to see which direction it breaks.
There is local support around $7, but if BTC dumps hard, then it's heading back to $5 (or lower).
APE COIN - On SupportWe missed the 10$ mark short opportunity and it would had been GREAT but the price never touched to trigger our alert.. damn it Apes!
Price in s=now on support at 7.26 but 8$ is resistance.
We are LONG on this one today but remember:
if the price loses the support then you probably want to RUN FOR THE HILLS below 7,1$
One Love,
the FXPROFESSOR
APE back to $5 and RSI TAOne of my favorite and most helpful tools when doing TA is identifying patterns on the RSI. Many understand that patterns like wedges and channels are extremely helpful in increasing the probability of a trade but many don't know that you can do the same with the RSI.
I have a few examples of this on my page but here's another one before the fact.
The RSI broke the ascending triangle to the downside and is in the middle of a bearish retest and potential rejection.
When the RSI breaks down before prices it usually means prices will follow.