Here's an analysis of APE / USDT, daily chart.
APE is looking very solid, with a falling wedge formation, which anytime could break out. Keep an eye on volume - which at the moment is underwhelming - if it picks up we can have a solid breakout move.
A possible strategy:
Wait for a long breakout confirmation around $5
Target 1: $5.4 (7.5% potential gain)
Target 2: $5.8 (16% potential gain)
Target 3: $6.4 (27% potential gain)
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like me to analyze next.
Trade safely!
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About APECOIN:
"ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders."
Source: Coinmarketcap.com
APE is looking very solid, with a falling wedge formation, which anytime could break out. Keep an eye on volume - which at the moment is underwhelming - if it picks up we can have a solid breakout move.
A possible strategy:
Wait for a long breakout confirmation around $5
Target 1: $5.4 (7.5% potential gain)
Target 2: $5.8 (16% potential gain)
Target 3: $6.4 (27% potential gain)
------------------
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like me to analyze next.
Trade safely!
------------------
About APECOIN:
"ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders."
Source: Coinmarketcap.com