APEUSDT : Consolidation in Triangle before bullish exit
Previous analysis: https://tradingview.sweetlogin.com/chart/APEUSDT/t4w1UBb4-APEUSDT-Bullish-potential-till-17-50-Short-term/
context :
After the recent Token listing the market is evolving within a classic pause range after an eratic raise right after the listing. APE is already providing 28% of its total supply in circulation with a 44 rank place on Coinmarketcap with $3,081,905,630
We can be confortable to see a further trading range with a test of the 14,00$ before a tentative of bullish exit to 17,50 regarding the current historical data projection.
Key Element:
- Action/reaction (back and force move) between key triangle fibonacci ratio calling for Triangle pattern (16,50/9,70/14,80)
- Auto-similar move and fibo extension 22
- Triangle support at 10,20/8,90
From a Risk/rewards perspective and key element 10,20 area is the perfect level to buy the dips and play the upper part of the triangle for short-term player or to wait the Bullish to play a significant upside acceleration towards 17,50 and 21
Enjoy my Friends !
Previous analysis: https://tradingview.sweetlogin.com/chart/APEUSDT/t4w1UBb4-APEUSDT-Bullish-potential-till-17-50-Short-term/
context :
After the recent Token listing the market is evolving within a classic pause range after an eratic raise right after the listing. APE is already providing 28% of its total supply in circulation with a 44 rank place on Coinmarketcap with $3,081,905,630
We can be confortable to see a further trading range with a test of the 14,00$ before a tentative of bullish exit to 17,50 regarding the current historical data projection.
Key Element:
- Action/reaction (back and force move) between key triangle fibonacci ratio calling for Triangle pattern (16,50/9,70/14,80)
- Auto-similar move and fibo extension 22
- Triangle support at 10,20/8,90
From a Risk/rewards perspective and key element 10,20 area is the perfect level to buy the dips and play the upper part of the triangle for short-term player or to wait the Bullish to play a significant upside acceleration towards 17,50 and 21
Enjoy my Friends !
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.