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APEUSDT

Is APEUSDT on the Verge of a Major Breakout?Yello, Paradisers! Are we about to witness a bullish breakout in APEUSDT, or could we be heading for a breakdown? 💎APEUSDT is showing bullish signs as it approaches a critical point. It’s currently testing the upper boundary of a descending channel and has formed a W pattern, both of which suggest a potential bullish move on the horizon. 💎However, before we can be confident in a bullish reversal, we need to see a decisive breakout and candle close above the key resistance zone. This would confirm a Change of Character (CHoCH) towards a bullish market structure, solidifying the W pattern and the breakout from the descending channel. 💎On the flip side, if the price experiences a pullback, we might see a bounce from the smaller support zone. Scalping opportunities could be ideal here, but it’s crucial to use tight stop losses (SLs) to manage risk effectively. 💎But beware! If APEUSDT breaks down and closes below the support zone, it would invalidate the bullish patterns we’re monitoring and require us to reassess our strategy. Stay focused, disciplined, and keep your eyes on the charts, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
APEUSDT taking support at 200MA and Short Term BullishTechnical Analysis: 1. Backtesting within 7 days: There are no clear patterns observed in the MACD, RSI, BOLL, and KDJ indicators. This indicates a lack of significant trend or momentum signals in the short term. 2. Backtesting within 30 days: Similar to the 7-day backtesting, there are no notable patterns in the MACD, RSI, BOLL, and KDJ indicators. This suggests a lack of clear trends or momentum signals in the longer term. Fundamental Analysis: 1. Token Information: ApeCoin (APE) is an ERC-20 governance and utility token within the APE Ecosystem. It is used to empower a decentralized community building at the forefront of web3. APE will be adopted as the primary token for all new products and services by Yuga Labs, the creators of Bored Ape Yacht Club (BAYC). 2. Token Market Information: The current price of APEUSDT is $1.9386, with a 24-hour price change of -2.26% and a 7-day price change of +12.48%. The token has a market cap of $1,185,668,425, a total supply of 1,000,000,000 tokens, and a circulation supply of 299,531,250 tokens. The BOLL support price is $1.9169, while the BOLL resistance price is $1.9965. 3. Funding Analysis: Bybit's Major Whale Traders position direction is bullish, with a long/short ratio of 1.95. 4. Third-party Indicators: The Market Sentiment Index is at 79, indicating a high level of greed among market participants.
Long
by nikhilbansal
APE Analysis: Bullish Breakout Potential 💎 APE has broken out of a descending channel and is also displaying signs of CHoCH in the price, indicating a potential bullish move from here or after a pullback from the Bullish OB zone. 💎If APEUSDT breaks out directly from its current position, we can anticipate targets until the next resistance zone. Alternatively, if APE experiences a pullback from its current position and starts finding support at the Bullish OB zone, it could form a W pattern, a bullish reversal pattern. This setup would offer an entry opportunity with a small stop loss. 💎Nevertheless, if the price breaks below the Bullish OB level, I will provide updates accordingly. Considering the overall market conditions, a breakdown below the OB level may prove challenging
by MyCryptoParadise_Nathan
Unleashing the APEUSDT Potential: A Long-Term PerspectiveTechnical Analysis: 1. Backtesting within 7 days: - MACD: No pattern identified. - RSI: No pattern identified. - BOLL: No pattern identified. - KDJ: Bearish with a Death Cross pattern. This pattern has occurred 4 times with a signal accuracy of 25%. 2. Backtesting within 30 days: - MACD: No pattern identified. - RSI: Bearish with an Overbought pattern. This pattern has occurred 15 times with a signal accuracy of 53.33%. - BOLL: Bearish with a Lower Band Touch pattern. This pattern has occurred 5 times with a signal accuracy of 20%. - KDJ: No pattern identified. Fundamental Analysis: - ApeCoin (APE) is an ERC-20 governance and utility token within the APE Ecosystem. - APE will be adopted as the primary token for all new products and services by Yuga Labs, the creators of Bored Ape Yacht Club (BAYC). - Airdrop claims were made on March 17th, 2022, where owners of Bored Ape or Mutant Ape NFTs received 15% of the total token allocation. - The remaining tokens were allocated across project launch contributors, Yuga Labs and its founders, and a donation to the Jane Goodall Legacy Foundation. Based on the technical analysis, there are bearish signals in both the short-term and long-term backtesting periods, indicating a potential downward trend. However, it is important to note that the accuracy of the technical indicators is relatively low, especially for the KDJ pattern. As for the fundamental analysis, ApeCoin (APE) is being integrated into the APE Ecosystem and is set to be utilized in various products and services, which could potentially have a positive impact on the token's value. Considering both the technical and fundamental analysis, it is recommended to closely monitor the market and consider additional factors before making any investment decisions regarding ApeCoin (APEUSDT). Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously.
Long
by nikhilbansal
1
APE/USD - Weekly Overview Looking at the Apecoin technical chart, the price level has faced significant selling pressure since August and is almost down by 43.00% since then. Considering the current trend, APE is struggling between 0.236 FIB level to 0.382 FIB level. Above 0.382 FIB level, there’s a strong resistance zone in which the price level is unable to maintain sustainability. MA-50 has also faced a negative crossover against MA-20 which can be an indication of an upcoming bearish trend The MACD level also in the potential to have a bearish crossover while the RSI level is looking vulnerable to a breakdown below 50. Overall, the technical chart reflects a bearish formulation for Apecoin and a word for caution for the upcoming days. Resistance: $5.50 and $6.50 Support: $4.00 and $3.50
COINBASE:APEUSDShort
by TradeDog-Research
APE/USDT looking goodHELLO TRADER'S, Once check out the chart of APE/USDT forming a perfect symmetrical triangle pattern of in 1 hour timeframe. Support at $13.1 Resistance at $14.3 Risky traders can trade at support zone and resistance zone by longing and shorting. But use Strict sl because its new coin which has huge volume and more volatile. A small dump/pump makes huge loss and profit.. Long term investers watch the bitcoin movement and invest. If btc is good it will go to$16 in no time If you want chek the btc idea pinned below. THANKU AND FOLLOW FOR MORE
Long
by Sriramrdy
6