continues to be unable to break free!!

23 apr 2023

APEUSD has been moving sideways inside a specific reach for a month. More importantly, it has already entered the downtrend after crossing the 200 EMA. Previously, a similar downward trend occurred. The downtrend continues despite attempts to break the 50EMA in the subsequent candles. because in order to see bulls, we must break out of the 200 EMA. which continues to be unable to break free. The chart shows several resistances and support levels. However, the most important information is that all of the daily timeframe indicators—EMA, RSI, MACD, and Volume—are bearish.