Ape Coin (APE) technical analysis:
Trade setup: Following a bullish breakout from Channel Down pattern and above $4 resistance, price reached our estimated target of $5 (resistance). Now we wait for 1) breakout above $5 to indicate continued uptrend, or 2) pullback near $4 support for a swing entry.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on 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 $4.00 (previous resistance), then $3.00. The nearest Resistance Zone is $5.00, then $6.00.
Trade setup: Following a bullish breakout from Channel Down pattern and above $4 resistance, price reached our estimated target of $5 (resistance). Now we wait for 1) breakout above $5 to indicate continued uptrend, or 2) pullback near $4 support for a swing entry.
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on 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 $4.00 (previous resistance), then $3.00. The nearest Resistance Zone is $5.00, then $6.00.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.