Ape is inside a bullish channel, as the rising bottoms demonstrate. I believe that if it breaks 4,589, it will reach 4,750.
A counter move towards the 200MM at 4,243 would invalidate the 2H bullish trend.
Supports for APEUSDT:
S1 4,403
S2 4,317
Resistances for APEUSDT:
R1 4,589
R2 4,750
MM200: 4,243
EMAS: Pointed upwards, the asset usually follows the direction of this powerful indicator
RSI: Exhaustion of Buying Forces.
The ApeCoin ecosystem is overvalued in its metaverse, not only in total market capitalization, but also in the total value of its virtual world. APE will be the main currency of the Otherside metaverse. The Otherside metaverse has 100,000 virtual lands with a minimum value of 1.6 ETH. In comparison, Sandbox has 113,400 lands with a minimum price of 0.98 ETH.
A counter move towards the 200MM at 4,243 would invalidate the 2H bullish trend.
Supports for APEUSDT:
S1 4,403
S2 4,317
Resistances for APEUSDT:
R1 4,589
R2 4,750
MM200: 4,243
EMAS: Pointed upwards, the asset usually follows the direction of this powerful indicator
RSI: Exhaustion of Buying Forces.
The ApeCoin ecosystem is overvalued in its metaverse, not only in total market capitalization, but also in the total value of its virtual world. APE will be the main currency of the Otherside metaverse. The Otherside metaverse has 100,000 virtual lands with a minimum value of 1.6 ETH. In comparison, Sandbox has 113,400 lands with a minimum price of 0.98 ETH.
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.