APEUSDT
ApeCoin APE bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
ApeCoin APE is a cypto with a negative overall sentiment recently.
I have the following price targets:
APE/USDT short
Entry Range: $4.70 - 5.10
Price Target 1: $4.20
Price Target 2: $3.50
Price Target 3: $3.10
Stop Loss: $5.90
APECOIN - 3.66 IS 50% LIKELYBeen using this as a favorite to short and unlike the long positions it's going well.
My chart says 3,66 is likely to happen.
With Mt Gox fears being valid (nobody knows for sure how and when the event will take place) and after Powel's gloomy projections/tone we need to be worried.
5$ is resistance. A strong one but a rebound to that level is not to be crossed out.
Let's be aware that markets opening in Asia tonight (Sunday midnight hours for Europe) could add to worries.
We be careful and hedged here. APECOIN is not a crypto I like to buy and have never held it in my spot portfolio.
If you believe the whole crypto think is monkey business (part of it is, i say in general it is not!) then APE short could be a good option still, to make that statement a trade.
I am short. DYOR and remember to hedge.
One Love,
the FXPROFESSOR
How spicy will it be or Will the APES go Bananas?Short on APECOIN.
LONG ON OTHER ASSETS, CHECK MY POSTS AND EXTRA CAUTIOUS AT THIS VERY MOMENT BECAUSE OF bITCOINS FAILURE TO BREAK HIGHER (STILL, IT MIGHT HAPPEN, 40%).
In any case, APECOIN is one of the charts i prefer to look for Short set-ups.
Previously:
BTC:
One Love,
the FXPROFESSOR
APE COIN 6H TA : Another BullRun ??This is the possible trend of #ApeCoin , As you can see the price is trying to break an important resistance and if it succeed to do that we can expect a bull run to 5.95$ to 6.41$ as the first target !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.24.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
APE / USDT LONG hello traders
Bitcoin correction will be bigger than the current correction
So there is still more upside for the cryptocurrency market
I see that the buying interest in the ape cryptocurrency is greater compared to other cryptocurrencies that have not seen a strong rise, so I expect it to have a good share of the rise
note : If the price breaks the top before my trade is activated, the order will be canceled for me