HYPE rally, only use for APE as of now is land, land gets sold out, nobody needs APE for time being, huge correction
Big pennant, into a rising wedge. High valuation, lots of FOMO, even for those who can't afford the land.
Big pennant, into a rising wedge. High valuation, lots of FOMO, even for those who can't afford the land.
Comment:
Rising wedge, peaked, then collapsed into now a falling wedge. any breakout from here should be taken with a grain of salt and caution, likely a deadcat bounce/false breakout which I would guess gets faded with more shorts piling on. Less supply available currently as much is locked up post land sale, no current use case for $APE as of now other than purchasing on opensea which is questionable to do as of now. Neutral/chop/down outlook from here.