A couple of weeks ago I made an analysis on APE and the fact that it was one of the first cryptos to fall, and that it could potentially signal that more bearishness to come for the overall market.
As seen on the chart, the previous signal was a great success. Congratulations if you took the trade.
For now, APE is residing near the second target, or the $4.25 support area. This area has previously functioned as a strong area of demand, so a bounce is to be expected.
However, I'm still bearish on APE. My target for the coming weeks is placed at $3.25
As seen on the chart, the previous signal was a great success. Congratulations if you took the trade.
For now, APE is residing near the second target, or the $4.25 support area. This area has previously functioned as a strong area of demand, so a bounce is to be expected.
However, I'm still bearish on APE. My target for the coming weeks is placed at $3.25
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