📈APE: the highly possible scenario!

29 Haz 2022

APE is looking stonger than 99% of other alts. This NFT tocken grow by 74% since the dump. It`s a good result. Also we don`t see the volume growth, which can tell us that the big player are not going to sell and price don`t make deep pullback if BTC will not continue the huge fall.

But some local pullbacks for acumulation liquidity by big players is highly possible in current market conditions.

Now the price return to the big value area of $4.14-4.82 which is support. The big player can push the price lower to collect more liquidity.

The volume should grow! Why? Because the growing volume shows us the preesence of big buyer or seller, If we will see the growing volume at the bottom this shows us the pressence of big buyer and his willingness to push the price higher.

The next big support is value area of $3.32-3.73 but the price can reach this support only if BTC fall to 17-18k again.

After the squeeze to the trendline and breakout price can reach the new highs. The closest targets are the key level of $5.58 and $6-6.38 value area.

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.