APEUSDT.PS trade ideas
APE / USDT, Falling wedge, potential breakout??Here's an analysis of APE / USDT, daily chart.
APE is looking very solid, with a falling wedge formation, which anytime could break out. Keep an eye on volume - which at the moment is underwhelming - if it picks up we can have a solid breakout move.
A possible strategy:
Wait for a long breakout confirmation around $5
Target 1: $5.4 (7.5% potential gain)
Target 2: $5.8 (16% potential gain)
Target 3: $6.4 (27% potential gain)
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like me to analyze next.
Trade safely!
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About APECOIN:
"ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders."
Source: Coinmarketcap.com
Keep an eye on APE! Here's a quick Look at the APE daily chart.
The best entry would be when the price breaks above 5.1$ with a good amount of volume. One to keep an eye on.
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The idea is: Buy when the price breaks above 5.1$ and take profits at the levels shown in the chart.
Targets:
1. 5.4$
2. 5.8$
3. 6.4$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Short APEAPE was a highly volatile crypto. My previous experience with APE told me that it is not an easy crypto to trade.
The hype was no longer with APE and it is slowly going down. In 2D TF, we can see that a H&S pattern was formed. The prices broke the neckline and so did the RSI.
The proposed TPs (blue) and SL (red) are depicted in chart. The final target (if reached) is quite low the the price at which APE started.
APE TIME BACK And BEST INCREASE OF THE DAY?APE TIME BACK
FIRST TARGET IS 5.39 USD
Let's see how this will affect the market coming time.
There was an update from 4 USD before but saw it was not more on TV, so for this reason did add a new one.
Will Ape have a new hype coming time since a long time ago?
The only sure is to know when we follow the market.
Most coins increase only for TP and most of the time it returns.
Will APE have really a building trend in the long term? and is there a signal that NFT could come back again = Chart that will show the coming time?
IF APE has the whale building increase what it seems, then it will hold value with time.
There is a difference between trading and building positions.
Swing shortI'm currently shorting APE in a swing. Confluences on a DAILY TF: broke down from the symmetrical triangle and large H&S, top of the parallel channel, Stoch maxed out, APE is under SEC INVESTIGATION.
NFA but looks very promising to me, I hope BTC won't ruin the party.
TP areas: 4.034 (bottom of 4H channel), 3.154 (major support), 2.38 (H&S target), 1.05 (bottom of the green vector candle)
APE SCALP SHORTHello, dear traders. how are you ? Today we have a setup to Sell/Short the APE symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Ape: Hanging from the last Banana Ape, currently under SEC investigation. It has formed a pretty clear triangle, broken out and retested the bottom. One measured move in red, targets the .69-1$ range. That target also lines up with a rouge spike low shortly after ape started trading, it was just a quick wick down to 1$. The other measured move would take it under .01..I think .69-1$ is likely as long as we don't see daily closes back up into the triangle. Bottom of the triangle currently right around 4.76... gl not financial advice, always do what seems best to you
APE WILL SOON FALLING TERRIBLYHello, how are you, dear traders?
I think APE is about to start a big C lag. I have two targets in mind and I think at least one of these targets will be seen.
What the chart shows is inevitable. You should make sure that every trade you open is in the low time and is associated with taking the trigger.
If you have any questions, ask in the comments
Thank You