APEUSDT.P trade ideas
📈 $APE Wedge Setup Identified! 📉Hey traders! I've identified a potential wedge setup on NYSE:APE that could present an exciting trading opportunity. Let's dive into the details!
📌 Ticker: NYSE:APE
📌 Wedge Pattern: Identified
📌 Timeframe: 2 day RSI - Wedge Identified
📊 Chart Analysis:
The price action on NYSE:APE has formed a wedge pattern, characterized by converging trendlines. This pattern typically indicates a potential breakout or breakdown in the near future.
📈 Bullish Scenario:
If the price breaks above the upper trendline of the wedge with significant volume, it could signal a bullish breakout. This may lead to a potential upward move in the price, presenting a buying opportunity.
📉 Bearish Scenario:
Conversely, if the price breaks below the lower trendline of the wedge with significant volume, it could indicate a bearish breakdown. This may result in a potential downward move in the price, offering a potential selling opportunity.
💡 TradingView Analysis:
For a more detailed analysis, feel free to check out the chart on TradingView using the following link:
📣 Let's connect and discuss this potential trade setup! Share your thoughts and analysis in the comments below.
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#APE #WedgePattern #Breakout #TradingOpportunity #TechnicalAnalysis #TradingViewAnalysis
Disclaimer: This is not financial advice. Remember to do your own research and consider your risk tolerance before making any trading decisions.
Happy trading, and may the markets be in your favor!
STP - Professor Node It All
✴️ ApeCoin Hits Bottom? Correction Beyond 100% = Bullish!As you requested, we are looking at ApeCoin on the daily timeframe.
We can see a new low being hit June 2023.
As this low hit, volume started to rise. This is more apparent in other exchanges but still volume became higher in June than all throughout May.
The RSI is oversold and starting to print bullish divergence.
Other Altcoins are moving up, the bigger ones and the rest should follow in due time.
We also have a bearish cross between MA200 and EMA200. When a bearish cross happens, prices tend to move up.
The correction went beyond 100% compared to the Nov. '22 low.
All the stops were removed.
All weak hands removed... Liquidity can now be found up.
Namaste.
📈 $APE Unveiling a Promising Node Falling Wedge Pattern! 🐵📉$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!
APEUSDT 1Dape coin is probably forming a Diametric pattern and I'm expecting Wave F to form in the next few weeks. after that the last leg of this complex correction will form as Wave G of this correction. Crypto Correcting is closing to an end so investors should start watching this market from a few months from now.
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 $15k (and now the price is twice as high - 30k)
What will happen next with the APE price is difficult to predict, we will need to observe and analyze the dynamics of events in the future. So if you are interested in further analysis of ApeCoin from us, write about it in the comments, and we will analyze the APE price movement more often and published on Tradingview
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Is this a new type of divergence? (widths of top looking structures seen in chart, but are they? could they be hiding their true identity and transgendering into bottoms right before your very eyes?
Using an MRI Scan on the RSI, we can see it actually might be a WEAKER TOP, why does it look so small in the RSI?
I think this might be a new type of divergence I discovered.
The red marker indicates what looks like a "top" in the chart, but actually looks possibly more like a bottom-looking-structure, in the RSI. You can back test this yourself, look for dumps in the past, and compare, I can bet the Bottoms in the RSI will appear to be getting more narrow, and the tops becoming much wider and more pronounced before a dump. Just IMO & as always, HAPPY TRADING! :)
Ape/usdt on the bottom of descending wedgeHi eveyone
We have the Ape/usdt pair in daily time frame and as you can see from may 2022 ape is moving in a descending wedge and heading for lower lows.
The price has recently touched the bottom of the descending wedge at 2$ and seems to be preparing for a bounce but as you know with the current state of markets and the correction of Bitcoin we may witness a fake break down of the descending wedge so it is wise to be prepared for both scenarios.
This is only my personal view of market and not any kind of financial advice.
Trade safe and stay strong
APEUSDT wants the weekly support?APEUSDT recently experienced a setback as it failed to sustain its bullish momentum after retesting a crucial supply zone. This lack of support has raised concerns among traders and investors.
Considering technical analysis, there is a possibility of a pullback on Fibonacci levels. Fibonacci retracement levels are commonly used to identify potential areas of support or resistance based on the key ratios derived from the Fibonacci sequence. Traders often look for price reversals or corrective moves around these levels.
If the price of APEUSDT continues to decline and falls below the significant threshold of $3.1, it could trigger a new short-selling opportunity according to Plancton's rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
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.