- APE coin looks very strong at this moment, also thanks to President Donald Trump and his NFT collection. That is also great news and an important catalyst for the NFT coins, such as the APE coin.
- APE coin is currently breaking out of the falling wedge pattern on the daily chart! The main downtrend wave has been completed, and now we are looking for a bullish retracement.
- How far could the APE coin go? Well, I am personally selling APE coin at the strong resistance, which is the 0.618 FIB or monthly resistance + GAP (10.5 – 11.3). My entry price is 4.112.
- I share my trades privately. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing.
- From the Elliott Wave perspective, unfortunately, this coin still looks pretty weak. We can spot two corrections: wave 2 and wave 4. This appears to be an impulse wave, implying significant selling pressure and the possibility of another major crash in the future.
- APE is a great coin to trade on the futures market because it’s highly liquid and there are a lot of opportunities. You can short APE at the 0.618 FIB, and this is exactly what I am going to do later!
- The crypto market is very bullish at this moment, so I am not shorting anything and am only going long.
- Thank you, and for more ideas, hit “Like” and “Follow”!
- https://www.tradingview.com/chart/APEUSDT/akIkRP4F-ApeCoin-NFT-is-pumping-thanks-to-Donald-Trump-massive/
