MyCryptoParadise

APE/USDT Could APE break the resistance or Confirmed HNS ??

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BINANCE:APEUSDT   APE / TetherUS
๐Ÿ’Ž APE has recently experienced significant developments in the market. It made a perfect bounce from the demand area, and the next critical obstacle was the resistance area.

๐Ÿ’Ž Breaking through this resistance is crucial for APE to continue its upward movement. If APE successfully breaks out of this resistance zone, it could pave the way for a smoother journey toward our target at the Bearish OB area.

๐Ÿ’Ž However, in the event of failure to break through, the price may retreat to the demand area. It's worth noting that APE is displaying a potentially bearish pattern known as the Head and Shoulders pattern, with the demand area corresponding to the neckline.

๐Ÿ’Ž If the demand area is breached, confirming the HNS pattern, this would indicate a bearish momentum, potentially driving the price significantly lower, possibly back to the key support area or even lower.
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