Technical analysis by jasonmanxhari8 about Symbol APE: Buy recommendation (12/29/2024)

Beautiful trendline break on APEUSD. About a month ago, price broke a key high to high trendline and as of right now, price is breaking out of a "flag" pattern. I am averaged in pretty cheap on this one but added on this channel break. Something to take note of is how strong this pullback is. On the weekly, price has broken through its 50% retracement area which Oliver Velez believes is a bearish signal; however, this goes against its bullish position. Nevertheless, it is decision point. Is this the bounce back into bullish position 1 (20 and 200 sloping upwards) or is this a "deadcat" bounce?