APE COIN THOUGHTS SPOT POSITION
2024-11-23
Category: gaming

APE COIN THOUGHTS SPOT POSITION
(If the chart is too big, please interact and zoom in to see better as per my overview below)

Remember my previous Free signal on APE coin?
That was not long ago, it was 21st Oct 2024 you can visit my Tradingview page to see what happened.
So a small overview on 21st Oct, we saw a big pump on APE to 1.75$, and then we short it down to 1.115 as per the Fibonacci retracement 0.382.

Now what I see on the weekly and monthly chart is:

 
 Ape coin broke the resistance at 0.72, and pumped hard.
 On monthly chart we can see 3 white soldiers, that means we are bullish.
 We can see a monthly resistance at 3$, and the Fibonacci retracement value at 1.6 is perfectly aligned with that.
 We can see the Demand area marked as $$$, that will be our BUY ZONE!
 So what I want to see here is the price to revisit the Demand Area marked as $$$ at around $.80 and $0.655 before we place ourselves in a SPOT position.
 Also we can see a weekly FVG at 12-15$ that needs to be taken out in the near future and might reverse, but that we leave that topic for when the day comes.
 

Due to the hype of Memecoins, APE might pump hard as APECHAIN will be growing in NFT and Memecoin projects.

These are just speculations you can take my advice or technical overview with a pinch of salt.
You are welcome to comment to discuss further. Let me know your thoughts.

Stay safe.