ApeCoin

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APEUSDT Neutral within the Triangle. Wait for break-out. *** *** For this particular analysis on ApeCoin we are using the APEUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where APE has been trading within a Descending Triangle pattern since the June 30 Low that started its Support. As you see the late price action is limited below the 1D MA50 (blue trend-line) and continues to trade sideways into its eventual exhaustion. The 1D RSI has already made a break above its Lower Highs and the MACD a Bullish Cross so we are waiting for a break above the 1D MA100 (green trend-line) that will confirm the bullish sentiment and target the 6.3950 Resistance (1), where most likely will make contact with the 1D MA200 (orange trend-line) as well. A closing above it also further targets the 7.7700 Resistance (2), which is the top of the Triangle. On the other hand a closing below the Triangle's bottom (4.1550), would be a bearish signal targeting the 3.0700 Support (June 15 Low). ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇

APEUSD 8H: 50%+ CORRECTION WARNING(SL/TP)(NEW) Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! APEUSD 8H: 50%+ CORRECTION WARNING(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: APEUSD 8hour chart review ::: updated/revised outlook ::: distribution in range / weak chart ::: limited upside / expect dump from HIGHS ::: weakness will last for 4-8 weeks ::: LOG SCALE chart ::: not a great looking chart ::: SYMM Triangle setup / BEARS ::: aggressive FED rate hikes guaranteed now ::: CLEAN REJECTION AT recent highs ::: S/R was re-tested produced WEAK bounces ::: final BOUNCE possible now before DUMP ::: also noteworthy sequence of lower highs ::: recommended strat: SHORT from range highs ::: final TP BEARS is 2.00/2.20 usd ::: 60-65% correction possible next ::: 4-8 weeks in November/December 2022 ::: right now no upside in this market ::: position traders should wait for ::: better entry prices later after ::: final PUMP possible into FED to trap BULLS ::: recommended strategy: SHORT SELL RIPS/ RALLIES ::: TP BEARS is +65% gains - near 2.00 USD ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION/65% ::: Sentiment short-term: BULLS/FAKE FINAL PUMP RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.

APEUSD ❕ local oversold RSI continues to hold in the buy zone on the 4H Timeframe. Price tests 50EMA as support (1H TF) The BB indicator on the 30m Timeframe indicates that the asset is oversold. I believe we might see a bounce soon if the APE successfully overcomes resistance.

APE falling wedge APE / USDT APE printed falling wedge will confirm its bullishness after breaking-out (daily close)

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