APEUSDT | Reminiscing to the date of release of APEUSDT, we can notice a bullish pennant pattern formation after a drastic fall from it's released price and presently we can see a sheer bullish descending pattern that was close to the pattern that was formed before the ignition of the last bull run. At the time of writing, bitcoin is trading in bearish patterns & candlestick patterns and this has prompted a dominant bearish sentiment. But majority are being optimistic because continuous bear season used to be rare in crypto and that bull trend usually follow after a strong downtrend even tho a downfall can now follow later on. A confirmation of this bullish forecast will be valid if we see a daily close above $6.4, else we will continue to see a continuous downtrend in crypto. Wait for confirmation to be valid and be wary of btc if you are intending to hop in with sniper entries i.e entering at the very bottom of the trend.
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Trade closed: stop reached:
Apecoin failed to make it to the valid entry level at $6.4 all because Btc failed to hold position so therefore this idea has been invalidated. Stay tuned for more updates.
