APE Short Scenario

27 thg 4, 2022

APEUSDT Signal

• Entry - After breakout of channel
  
• Target - $14.3
  
• Invalidation - Top of wave 5
  
• Risk to reward ratio - About 3.5
  

Technical confirmations

• Price is forming an ending diagonal.
  
• Full cycle of Elliot wave impulsive part is coming to an end.
  
• When the price will break the channel then correction will start.
  
• RSI indicator is showing weakness on 1H timeframe.
  
• AROON indicator is showing loss in bullish momentum indicating that soon the price should reverse.