APEPERP - It looks weak.The pivot formation is not ready yet. But at the moment you can mark out that the price is trading near the lower boundary of the range, at support levels.
In the near future we might see the price climbing up to the upper boundary of the range. But it's still flat and sideways. If this formation does not hold the current support (2.8-3), the price will fall.
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 please yourself and your
your friends.
APEUSD trade ideas
Apecoin Bottom is coming but consolidation will take timeApecoin has received alot of negative attention.
Thats really all i can say right now.
Looking back at my chart that i posted april 26th.
I gave an accurate prediction of what was coming for apecoin.
Call it luck or intuition.
It was a good call.
Now apecoin has alot to prove before any big waves of funding comesback.
The only way this will happen is to submit to lower costs to bring in new investors.
Even afterwards they will need to make regular updates with changes for the future to stay trending.
I give a low forcast on this chart that i believe will happen.
Manipulation will come between Feb. 2023 and May 2023.
I highly doubt we will see 1000%
300 to 400 percent is definitely a possibility.
APEUSD 8H: 50%+ CORRECTION WARNING(SL/TP)(NEW)Why get subbed to me on Tradingview?
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🎁Leave a comment to support our team!
APEUSD 8H: 50%+ CORRECTION WARNING(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: APEUSD 8hour chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: SYMM Triangle setup / BEARS
::: aggressive FED rate hikes guaranteed now
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 2.00/2.20 usd
::: 60-65% correction possible next
::: 4-8 weeks in November/December 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible into FED to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +65% gains - near 2.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/65%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP
RISK DISCLAIMER:
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: This Falling Wedge is Brewing up a BreakoutOn the 3-day chart above, we can see that APE is forming a falling wedge pattern that is starting to tighten up. Bullish divergence shows that momentum is positive and price action can shift soon.
I'd say a breakout is expected between now and mid-December.
Invalidated if the lower trend line breaks with a full close.
$APE recovery? Many people argued that $APE coin was going to $3 - and despite the Fib showing me that it would need to bottom out the fib table to get there, I believed it for a moment.
I've since slowly changed my mind as I noticed that APE was testing the ~$4.1 support line(historically and presently). That support line has been rejected for the 5th time to date. I initially wrote on this briefly in the comment section of my previous analysis of the coin
I'm setting this new analysis up because APE broke through the triangle I was previously tracking, and I can see a new trend potentially forming. The fib tool will better help track APE as it tests current and possibly new supports. The Fib should help track where those new supports may be and clean up some of the volatility I suspect may be coming too.
** Disclaimer** I'm a novice trader working to put my thoughts out there to see how they stack up against the market - please feel free to share/comment on my studies - please don't use this chart as financial advice
Technicals
The "mini-rally" we see at the moment is likely due to an exchange of 1m coins I detail further down below or some bullish sentiment being expressed, given the 5th support rejection of $4.1
Notably, the 9MA has also become support at point 1 on the fib table presently. I suspect that for the short term, we have found a solid home base for APE's bottom (no pun intended) until we better understand what BTC and ETH will do next.
I'm yet to re-enter a position as I don't yet have confidence in what BTC and ETH are doing. They have broken out of their triangles but failed to move convincingly upward leaving me bearish on their movement over the coming days. ETH and BTC have a very strong impact on the price movement of APE so I'm sitting on my hands here.
Fundamentals
Also, there are little to no details emerging from Yuga regarding staking (other than what I previously mentioned about test-net) and the utility role it will play in their upcoming game, Otherside. This means complicated sentiments remain rooted with holders while ambiguity plays with their emotions.
Looking at "Into The Block", - the sentiment for APE is still firmly with long-term holders, that is, those who have held >100k coins for longer than six months. A few big exchanges have occurred between private wallets; notably, on the 21st and 22nd of October, 1m coins were released and re-absorbed. Likely some trade took place there - it's unclear what drove the exchange; it may have just been a shift of funds from a semi-cold wallet to a warm wallet in preparation for trading. Hard to say - the movement to me would be bearish, but that remains to be proven.
Social media sentiment on APE remains unclear/neutral as many focus on the next move by BTC/ETH, so no significant comments there for now.
APE Coin potential dump into rally** Disclaimer** I'm a novice trader working to put my thoughts out there to see how the stack up against the market - please feel free to share/comment on my thoughts - please don't use this chart as financial advice
At this point, though, $APE coin sits in a precarious symmetrical triangle and has progressed quite deeply into it. It would suggest that APE is preparing for a move downward, and the predicted bottom price is ~$3. As my chart indicates, it has rejected its ATL resistance line three times. There could be a good reason for this leading to longer-term holders and speculative investors buying the coin when it hits its bottom. For the time being, I would wait to see how the coin stacks up in its triangle.
Considerations and Fundamentals;
$APE coin is a coin I've been following closely. As an artist with his own NFT collections, I enjoy looking at what influences the NFT market and how NFTS interacts with coins. For those that are not aware, NFTS, in theory, are deployed as tokens (same as coins) against a smart contract; however, their operability is adjusted slightly within the contract to do things like display an image. Many are unaware that the tokens, rather than ERC-20, are an ERC-721 standard, which is a convoluted way of stating that NFTs are non-devisable and non-fungible.
$APE coin is a relatively controversial coin. Most view it as a scam driven by a bunch of Crypto Bros who hit it big with their Bored Ape Yacht Club offering, which rocketed to price heights a year after release. I have no idea why that token, in particular, did so well. Regardless, it has enabled Yuga Labs (the brain trust of BAYC) to absorb voluminous amounts of money to invest in other projects. Projects such as Meebits, Cryptopunks (an OG NFT - close to 5 years old), and establish "Otherside", an upcoming metaverse game I'm interested in and want to play.
Two significant points of interest have had me bullish on $APE coin for much of this environment. Firstly, Otherside (the game) will utilise $APE coin as the mainstay currency. At this point, there is not enough information about the coin's utility in the universe or if people can potentially earn $APE coin through game mechanics; what it suggests is a future currency demand.
Beyond that, a staking mechanism has been on the cards for some time. The $APE Coin DAO voted and passed the concept six months ago. Company Horizen has been the key partner in establishing and delivering this mechanism. In a very lazy, low-key twitter post - the test net version of the staking mechanism has been released for public testing. The mainnet version is due "soon" - but was initially earmarked for the 31st of October - most are currently assuming with little comms that the date may be pushed back - some speculating even into December.
The short of the long is that this mechanism will allow Bored Ape collectors to stake their NFT within a pool for returns; however, there is a premium to stake your NFT. Two thousand odd Ape coins are required PER staked NFT. A prompt that will contribute to demand on the circulating supply of the coin further. With only 300m of the total supply in circulation and a good chunk of the coin being held by exchanges and early holders, I can see some short-term rallies coming.
At this point it would be safe to remain out of APE coin - but do note there are points of interest for the large community invested in the ecosystem to soak up the circulating supply coming in the future, so it may be a coin to watch.
APEUSD: 65% correction warning distribution(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like button and
🎁Leave a comment to support our team!
APEUSD: 65% correction warning distribution(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: APEUSD daily chart review
::: updated/revised outlook
::: distribution in range / weak chart
::: limited upside / expect dump from HIGHS
::: weakness will last for 4-8 weeks
::: LOG SCALE chart
::: not a great looking chart
::: SYMM Triangle setup / BEARS
::: aggressive FED rate hikes guaranteed now
::: CLEAN REJECTION AT recent highs
::: S/R was re-tested produced WEAK bounces
::: final BOUNCE possible now before DUMP
::: also noteworthy sequence of lower highs
::: recommended strat: SHORT from range highs
::: final TP BEARS is 2.00/2.20 usd
::: 60-65% correction possible next
::: 4-8 weeks in October/Noveber 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: final PUMP possible into FED to trap BULLS
::: recommended strategy: SHORT SELL RIPS/ RALLIES
::: TP BEARS is +65% gains - near 2.00 USD
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION/65%
::: Sentiment short-term: BULLS/FAKE FINAL PUMP
RISK DISCLAIMER:
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 down from hereReasoning is the lower high Structure after sweeping a weekly high
on the H12 price ceated a bearish orderblock which should induce breaish momentum from here.
The final confirmation step would be a break below purple S/R for me
as always, no financial advice, just food for thought
APE: Bullish Divergence + Wedge PatternOn the daily timeframe, APE is forming a descending wedge pattern with bullish divergence on the RSI. The RSI is also showing that it's oversold.
I expect a bounce up from the local support levels. If support fails, then $3 is the last line of defense before making any lower lows.
Strong resistance around $5.50
APECOIN APE: Bad Days Ahead!Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Apecoin (APEUSD).
The chart is self-explanatory. With the crypto market going through a correction, Apecoin may still have downside to go. See where I believe there may be strong support and possible bottom.
Included in the chart: Trend line, Support and Resistance Lines, Volume Profile (VPVR), Ichimoku Cloud, RSI, MFI and Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. More ideas below!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
TRADE ALERT - Long Ape to 8.10Traders,
This next trade has the potential of 86%+ profit. I have waited very patiently for APE to come down to it’s strong support of $4.29 …and here it is. I believe it’s go time!
Position = APE
Entry = 4.34
Stop Loss = 2.88
Final Target = 8.10
Risk/Reward = 2.5/1
Leverage = 1x
Profit Potential = +86%
Best of luck!
Stew
APE: Support & ResistanceCurrently, APE is starting to form a descending wedge pattern with bullish divergence building up on the 12H.
Local support zones at $4.20 and $3.
If it breaks upward, I'd expect strong resistance around $5.50 - $5.60. If that resistance breaks, then we could see a decent uptrend from there.
APECOIN - 3.66 IS 50% LIKELYBeen using this as a favorite to short and unlike the long positions it's going well.
My chart says 3,66 is likely to happen.
With Mt Gox fears being valid (nobody knows for sure how and when the event will take place) and after Powel's gloomy projections/tone we need to be worried.
5$ is resistance. A strong one but a rebound to that level is not to be crossed out.
Let's be aware that markets opening in Asia tonight (Sunday midnight hours for Europe) could add to worries.
We be careful and hedged here. APECOIN is not a crypto I like to buy and have never held it in my spot portfolio.
If you believe the whole crypto think is monkey business (part of it is, i say in general it is not!) then APE short could be a good option still, to make that statement a trade.
I am short. DYOR and remember to hedge.
One Love,
the FXPROFESSOR
How spicy will it be or Will the APES go Bananas?Short on APECOIN.
LONG ON OTHER ASSETS, CHECK MY POSTS AND EXTRA CAUTIOUS AT THIS VERY MOMENT BECAUSE OF bITCOINS FAILURE TO BREAK HIGHER (STILL, IT MIGHT HAPPEN, 40%).
In any case, APECOIN is one of the charts i prefer to look for Short set-ups.
Previously:
BTC:
One Love,
the FXPROFESSOR
Time For This To Go APE?DOWN WE GO!
From my technical analysis i am looking for price to hit $4! Reason for this is price smashed through a good level of support (red zone) Price has now been and retested this broken support as resistance both yesterday and today, this is confirmation of more downside moves to come for me.
We can also see we had a strong trendline formed which also broke and also got retested as support! Now these 2 signals alone are strong, but when they line up like these ones have this just confirms to me that we could see that push down to $4 range very soon. What i mean by this is price retested broken support as resistance at the same time it retested the broken trendline as resistance!
Also line this up with more downside moves on BTC and ETH i am expecting, a stronger USD and a large percentage of BAYC NFTs ready to get liquidated as collateral on some lending platforms the only way is down for me.