APE ON ANOTHER DIMENSION - POSSIBLE ALL TIME LOW

21 mar

I will not be surprised if APEUSDT make a new all time low from where price is making this update a counter scenario to the first scenario

The reason for this is because of some few important factors. One is that the community has been weak recently and that affects the fundamentals. Two, despite the move it made in the past few months, we are yet to still see volume return, not even up to one third of what we had at the all time high area which is a good indication that it only followed the ALT season hype and not necessarily it time to shine. Three, we can see that the support has become a resistance which is the first time ever that it will retest that region after it broke down on the 10th of June 2023. on top of that it is clearly looking like all the price action we had since 10th of October 2023 till the 14th of March 2024 is an Elliott Wave Zigzag ABC-orange which is the wave 4-yellow of this overall impulse which forms a very firm bearish hidden divergence on the relative strength index (RSI).

Therefore, we can expect price to make a new all time low for the wave 5-yellow.

HIGHLIGHT

- support becomes resistance with very low volume and bearish hidden divergence on the RSI

- no strong fundamentals from community

- could be the end of wave 4 and the beginning of wave 5 Elliott Wave

- possible All Time Low


OTHER ANALYSIS

21 mar

Nota

OTHER SCENARIO

14 apr

Nota

how well APEUSDT played out. When all hopes was high I had a feeling this will sink and it did. The new low that will be created will be my point of interest for DCAing. Enjoy.

16 apr

Nota

this is now our primary scenario for APEUSDT and the next DCA area is $0.7 - 0.4