APE: Approaching Resistance
Trade setup: Price is in an Uptrend. It got rejected at $2.50 resistance and now it’s approaching it again. Now we look for the right entry opportunity in Uptrend. We wait for price to either 1) break above $2.50 to signal continuation of uptrend, with +20% upside potential to $3.00, or 2) pull back near $2.20 support for another swing trade entry in Uptrend with upside potential back to $2.50. Previously, following a bullish breakout from a Descending Triangle pattern, price signaled continuation of uptrend.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $2.20 (previous resistance), then $1.80. The nearest Resistance Zone is $2.50, then $3.00.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $2.20 (previous resistance), then $1.80. The nearest Resistance Zone is $2.50, then $3.00.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.