Analysis for APE coin (Bored Ape NFTS)Right now ape coin has been channeling upwards through the Fibonacci channel between the 0 - 1 Fib channel levels, those in long positions do be careful that once it breaks below the 1, do expect the coin to come back down between 11.206 (0.618 Fibonacci retracement level) and 12.347 (0.382 Fibonacci retracement level). I will keep an eye on this coin for an I am currently also holding this coin as I bought it early before major exchanges listed it at around $7.5. As of now as long this coin remains in the Fibonacci channel and is currently in an uptrend I will remain bullish until further confirmation.
APEUSDT
$APE/USDT 1h (#BinanceFutures) Rising wedge breakdownApeCoin looks ready for a local retracement down here after being rejected on supply zone.
Current Price= 13.442
Sell Entry= 13.757 - 14.359
Take Profit= 12.406 | 11.300 | 10.195
Stop Loss= 15.440
Risk/Reward= 1:1.2 | 1:2 | 1:2.8
Expected Profit= +23.50% | +39.24% | +54.96%
Possible Loss= -19.66%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 5 days
Tags: #APE #APEUSDT #NFT #Metaverse #Gaming #Creation #Web3 #DAO #Governance #DeFi
Website: apecoin.com
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
APE/USD - Don't APE into APE just yet! 🤣APE had a fantastic launch and there is a lot of speculation about this coin from Bored Ape Yacht Club.
Price appears to have formed a nice ascending triangle after this most recent correction. Price is just below the key resistance, so best to wait before considering an entry.
You want to buy at support!
The safest trade here is to wait for a clear break from this triangle and buy the retest. Or sell if APE breaks lower.
On 1h timeframe we're a bit overbought, so be patient.
This coin is pure speculation right now, but volume is very good, as is volatility. A trader sweet dream.
Bias is a bit neutral on this price action. Let's see how it develops.
Let me know if you want me to chart this again later.
Like and follow if you liked my idea!
$APE Trade Idea & Buy Zone - Be Ready To Buy After a -60% DropHi Traders,
$APE as per my analysis is going to reach the 8.9~7.6$ which will give a good entry for scalpers and day traders, and even swing traders maybe..
After Activation, STOPLOSS will be a 2 Hours close below 7$
I will update then and give you possible targets if activated.
If it doesn't drop and not activated, then entry will be after Any 2 Hours close above 14$ which will lead to 17$ then 21$
NFA, DYOR, and Good Luck.
Remember, NEVER RISK MORE THAN 5% ON ANY TRADE!
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APEUSDT RECTANGLE PATTERNApe has been on rectangle consolidation since its lost support from its released price ($14.4) and its currently forming a bullish triple bottom in the pattern. Wait for a clear breakout from the first resistance in white before taking a long position to the highlighted tps in different colours. Ape can only make a new ATH if it closes above the last tp in red.
Your likes and opinions would be much appreciated, you can follow up for more helpful contents and do follow my comment sections too for quick updates.
APE / USDTAs you cant see in the chart at 1H time frame we have Support /Resistance at 12.71 and 14.9490
If it breaks the resistance we have targets as I showed in the chart
and if it breaks down our support we have targets as I draw in the chart
This is not financial advice it's just my opinion and to take advantage of the market for the main time and short time period.
Which side it will go? up or down ? let me know your opinion.
In a higher time frame, it shows down but IDK what ppl will do next.
Good luck guys