Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

Cryptoknowmics 2022-04-27 23:00:45

APE Technical Analysis: Reaching $20 Apecoin Prepares Another Jump

APE coin price gives a rounding bottom breakout to surpass the $19.35 mark with a bull run from $17.75. Should you add more as the new bull run starts? Key technical points: The APE price action forms a symmetrical triangle pattern. The price trades under all the crucial EMAs. The 24-hour trading volume of Apecoin is $1.60 Million, reflecting a fall of 20%. Past Performance of APE The APE coin price shows a remarkable rise of 40% in the last week resulting in a rising converging wedge in the 4-hour chart. Within the rising pattern, a rounding bottom breakout is observed with a neckline at $19.35. Hence, a price jump to the resistance trendline is highly likely in the upcoming sessions. Source-Tradingview APE Technical Analysis The increase in trading volume supports the APE price jump, indicating a solid underlying bullishness. Moreover, the breakout of the resistance trendline will boost the bull run above the $20 mark. The rising trend of the crucial EMAs maintains a bullish alignment increasing the chances of an uptrend continuation. Moreover, the significant spread between the EMAs makes them viable support levels. MACD Indicator: The MACD and signal lines maintain a diagonal rising trend giving a bullish crossover. RSI Indicator: The RSI slope approaches the overbought boundary while sustaining above the 14-period average. In a nutshell, the APE technical analysis displays a high likelihood of a bull run above $20. Upcomi...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.