APEUSDT.PS trade ideas
APE continuing its upside movewe saw APE in the last few days making huge progress, while the market was dumping it was trending upside, it started from 2.800 areas climbing to 3.500, then today it climbed to 4.480 as an unexpected movement same as before.
It formed a falling wedge in terms of what matters now, and also broke upside resistance, so I expect a huge movement now.
NOTE: DYOR, don't trust anyone in trading except for yourself, trading is about personality.
An asset with great volatility. Time to sell!The asset today is traded on volumes. After a strong movement, the price went to the sideways. From the upper border of the sidebar we get a reaction in the video of large shadows. At the bottom, an inclined level was formed. I expect the exit from the sideways down and the movement to the inclined level
APE-USDT - November 29APE-USDT is up from its main support of 3.90 and right now its holding its support from yesterday. If Ape hold its support then it can touch its main supply of 4.76 and then down otherwise if it did not break triangle to upside then it can be reverse without touching the 4.76 .
Ape should hold 3.90 otherwise it will be down from here to retest its new low. All coins are up and ready for further dump. Lets see if it can hold its main support or break its main supply of 4.76 . I think it will not cross 4.35 properly but depends on daily candle close and market behaviour.
Note
Please never follow anyone blindly and always remember following key points:
1- First and Last thing in trading is patience.
2- Risk management in trading is a Key so use your money accordingly.
3- Please Don't think I'm always right. I could be wrong, same as every other trader.
4- I always posted my thoughts, not financial advice.
5- Please use your mind and try to get knowledge about market. It will help you in future
Thank you and Good Luck!
APE short @ 4.075 10x leverageApe is wildly over extended and I am entering an intraday scalp position.
From our last local floor we've seen a 45% pump to the upside, but our momentum indicators are thinning!
Our RSI is now underneath our SMA line, meaning we will most likely find resistance moving forward from here.
We're currently well above our KC on on the 4-hour and have re-entered, a huge sign of a reversal.
I believe we'll retest the 200-day EMA on our 4-hour chart.
we also have a confirmed cross on the 1-hour MACD.
APEUSDT " Descending Channel "BreakoutAPEUSDT Current Market Status
APEUSDT Price Prediction 2022
Descending Channel also known as the falling channel . A descending channel is formed by two parallel trendlines . The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, APEUSDT is in the range of $3.886. If the pattern continues, the price of APEUSDT might reach the resistance levels of $7.700 ,If the trend reverses, then the price of APEUSDT may fall to $2.678
Happy Trading