ðĨ APE Waiting For Break Out
Around two weeks ago I made an analysis on APE and the bullish wedge it was trading in. The expectation was that APE would move towards the top resistance, and here we are.
Next couple of days are going to be very important for the near direction. If BTC remains neutral/bullish, we can safely expect that APE will break out. Ideally, we'd see a big green candle with ample volume to confirm the bullish bias.
On the other hand, if BTC falls we can assume that APE will follow. Most likely it will go to $3, maybe even the lower support of the pattern.
Next couple of days are going to be very important for the near direction. If BTC remains neutral/bullish, we can safely expect that APE will break out. Ideally, we'd see a big green candle with ample volume to confirm the bullish bias.
On the other hand, if BTC falls we can assume that APE will follow. Most likely it will go to $3, maybe even the lower support of the pattern.
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