APEUSDT : Consolidation in Triangle before bullish exit to 17,50
APEUSDT : Consolidation in Triangle before bullish exit
Previous analysis: https://www.tradingview.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://www.tradingview.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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.