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APE / TetherUS PERPETUAL CONTRACT

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APEUSDT.P trade ideas

APEUSDT → A distribution could follow from the bottom of 1.730BINANCE:APEUSDT is trying to develop a bullish scenario. The prolonged bearish trend may end, but buyers will have to take and hold a few positions to do so While bitcoin is testing a strong support area and is in the correction phase, APE is breaking the descending wedge resistance and forming a local wedge. In this case, we are interested in resistance at 1.836 and 1.990, the latter being the resistance area of the wedge. It is enough for the bulls to break one of the levels and form the liquidity area, which will allow to start the strengthening and distribution phase after consolidation. The price tested the bottom at 1.730, the market reacts with a small bounce. MA-50 resistance may be tested soon, market may give a small bounce before breaking the resistance and further up towards 2.793 Support levels: 1.836, 1.730 Resistance levels: 1.990, MA-50 I expect the growth to continue after the breakout of the mentioned resistance area. Medium-term potential - 2.793, 4.528. Regards R. Linda!
Long
by RLinda
24
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.
Long
by CryptoPatel
5
$APE trade idea. Long for multiple breakouts.Already broke out of a pennant pattern a few days prior. Journal Entry: LONG NYSE:APE Temporary surge in trading volume, accompanied by a retest of the earlier breakout level supported by substantial volume. Furthermore, the overarching trend has a downward trajectory, and there exists significant potential for a short squeeze. Remarkably elevated volume during downtrends suggests active accumulation of assets, as evidenced by pronounced lower wicks on these declining candles. Targeting orderblock for swing trade at $2.9. TPs before then will be set.
Long
by yoaquimboom