{"id":12727,"date":"2022-10-31T07:37:39","date_gmt":"2022-10-31T07:37:39","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12727"},"modified":"2023-05-16T07:39:35","modified_gmt":"2023-05-16T07:39:35","slug":"apeusdt-neutral-within-the-triangle-wait-for-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/10\/31\/apeusdt-neutral-within-the-triangle-wait-for-break-out\/","title":{"rendered":"APEUSDT Neutral within the Triangle. Wait for break-out."},"content":{"rendered":"

 <\/p>\n

*** ***
\nFor this particular analysis on\u00a0ApeCoin<\/a>\u00a0we are using the\u00a0APEUSDT<\/a>\u00a0symbol on the OKX exchange.
\n*** ***<\/strong><\/p>\n

The idea is on the 1D time-frame where\u00a0APE<\/a>\u00a0has been trading within a Descending Triangle pattern since the June 30 Low that started its Support. As you see the late price action is limited below the 1D MA50 (blue trend-line) and continues to trade sideways into its eventual exhaustion.<\/p>\n

The 1D RSI has already made a break above its Lower Highs and the MACD a Bullish Cross so we are waiting for a break above the 1D MA100 (green trend-line) that will confirm the bullish sentiment and target the 6.3950 Resistance (1), where most likely will make contact with the 1D MA200 (orange trend-line) as well. A closing above it also further targets the 7.7700 Resistance (2), which is the top of the Triangle.<\/p>\n

On the other hand a closing below the Triangle’s bottom (4.1550), would be a bearish signal targeting the 3.0700 Support (June 15 Low).<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/APEUSDT\/dG0Nv3Ox-APEUSDT-Neutral-within-the-Triangle-Wait-for-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  *** *** For this particular analysis on\u00a0ApeCoin\u00a0we are using the\u00a0APEUSDT\u00a0symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where\u00a0APE\u00a0has been trading within a Descending Triangle pattern since the June 30 Low that started its Support. As you see the late price action is limited below the 1D MA50 (blue<\/p>\n","protected":false},"author":611,"featured_media":12728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1636],"tags":[],"class_list":["post-12727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12727"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12727\/revisions"}],"predecessor-version":[{"id":12730,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12727\/revisions\/12730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12728"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}