APE/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this APE/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day.
Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day.
The move pushed apecoin to its highest level since November 5 and came following a breakout of a price ceiling at $4.60.
As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record, with a reading of 79.09.
This means that prices are now deep in overbought territory, which could mean that bears are preparing for reentry.
Despite this potential reversal, bulls are seemingly still targeting a ceiling at $5.30, which hasn’t been hit since October 11.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
APEUSDT.P trade ideas
APE - Take Some Profit Next Week I'm not fudding $APE, its one of only 5 altcoins I own. But I think its gonna wreck late / FOMO buyers later in January or February after the mint.
High staking emissions; hype growing like repeat of Otherside when APE dropped >80% in the 5 weeks after. Yuga vesting also unlocks in March.
Be careful, take some profit.
APEUSDTHello dear friends
On the daily time frame, the positive divergence of the RSI with the downtrend line has created a bearish wedge pattern for us. Until the $5.584 range is fully consumed, the bullish outlook is weak.
But if the range of $2.618 is maintained, we can hope for the completion of the wedge pattern.
On lower timeframes, the drawn bearish scenario is very likely. However, if the range of $2.618 is maintained, the possibility of a bullish scenario will also be strengthened.
We would be happy to hear your comments
APE: Channel Down BreakoutTrade setup : Bullish breakout from Channel Down pattern and above $4 resistance, which confirm the channel breakout and price could revisit $5 next. (set a price alert).
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $3.00. The nearest Resistance Zone is $4.00, which it broke, then $5.00, and $6.00.
APECOIN - Under Wyckoff AccumulationWe have broken out of the downward channel to the upside and I am now bullish as that yellow resistance line is now support. And I took a close look at the pattern to potentially identify a Wyckoff Accumulation , to which we may be just making the spring. As long as BTC is going to present a bullish argument, and as long as we hold above $3.20 this pattern could go higher than targeted. Good volume on 4hr, but also maybe overbought on some time frames. Not financial advice, DYOR.
🔥 APE Falling Wedge Break Out: Pump Incoming?Recently I've made an analysis on APE where I discussed the falling wedge pattern on the chart. As of today the price has broken out of the wedge and retested the top resistance as support, making this breakout even more credible.
I'm looking at $5.30 as my main target, potentially $6.40 if we see some kind of big pump over the next weeks.
APE coin wave count in 4H time frameHello
Since APE coin started to correct has entered in a WXY wave that has covered waves W and X and in order to fill wave Y as if it's having a double ZIGZAG
At the moment one of the zigzags has been covered we expect that after filling wave B, it'll start another ZIGZAG
This can be more accurate with your opinions
Thanks
Reza
APE USDT shortWe had a great run and APE is performing very well in this bear market, the staking news pushed the price from 2.8$ up to 4.5$ !
I do have some APE coins in spot locked in staking and i am confident in that long term , but meanwhile it s time to retrace for ape, let s give it a closer look:
-1H demand zone hitted and rejected hardly (this means that is a good zone where the is a lot of selling pressure and orders)
-Fibonacci retracement filled 0.5 i don t think we are going to fill 0.618 for now being the 0.5 level the same with the supply zone.
Entry: 4.02
StopLoss: 4.088
TakeProfit: 3.831 (for now ... , might close a 75% position here and let it run the rest towards 3.55 maybe ... i will post updates in case)
Risk reward 3 LEV 10X
#ape $ape daily#ape picking up steam on the daily breaking out of a significant bearish trend. i see upside here. but i also see 14600 on #bitcoin. how it plays out remains to be seen. could roll and see a double bottom on many alts with a fakeout here on #ape. therefore at this stage its level to level with a bullish bias until invalidation.