✴️ APE Aims At $10 After Triangle & Broken DowntrendAPEUSDT has come out ahead of a rising triangle and also broke free of its August 2022 downtrend.
Currently trading above MA200 with a bullish cross with EMA10 happening at the same time; EMA10 and MA200 bullish cross.
MA200 was initially conquered 10-Jan., prices moved down and this level was tested as support.
Now that APEUSDT is trading back above it, this is the confirmation that it holds.
Above MA200 = Potential for long-term growth.
As long as the current price is above this black line, we can expect additional growth.
The immediate target is set at $5.815 followed by the range $6.500 - $6.685.
Only after these levels are taken out can we see the light to $10+.
After more than a year of bear action, it is not incredible to see this and other pairs growing for a few months.
Call it a relief rally or a recovery... It doesn't matter as long as Cryptocurrency grows.
Namaste.
