APE APE APE APEAPE Long
APE simple and basic Analysis,
Making Head and Shoulder
This is only for scalping or if youre very strong you can try holding it till it goes up
anyways demand and supply only indicators
bounce area at the demand
you know what happens when h and s is forming
thats it for my post.
Remember
Risk management
Use stop loss
never risk when youre not confident
dont go with the flow
Dont chase the market price
let the market chase your price
smile :P
-MercilessDolphin
APEUSDT
APE oversoldAs you see in my chart, Ape is at the bottom of my channel. This is an area I’m actively accumulating. MACD and rsi suggest Ape is in oversold territory. A break below this area would likely push ape to the $12.50 range, then a test of the $10 range. If it manages to build momentum the next high could be in the $40 range.
$APEUSDTApeCoin is for the Web3 Economy
Culture has found new expression in web3 through art, gaming, entertainment, and events. The possibilities for blockchain’s impact on culture are so endless that they can’t possibly all be predicted yet. APE is a token made to support what’s next, controlled and built on by the community. It will serve as a decentralized protocol layer for community-led initiatives that drive culture forward into the metaverse. Yuga Labs is a web3 company best known for the creation of the Bored Ape Yacht Club. It will be a community member in the ApeCoin DAO and will adopt APE as the primary token across new projects.
The Ape Foundation
The APE Foundation is the steward of ApeCoin. It is not an overseer, but the base layer on which ApeCoin holders in the ApeCoin DAO can build.
The Foundation facilitates decentralized and community-led governance and is designed to become more decentralized over time. It is tasked with administering the decisions of the ApeCoin DAO, and is responsible for day-to-day administration, bookkeeping, project management, and other tasks that ensure the DAO community’s ideas have the support they need to become a reality.
The goal of the APE Foundation is to steward the growth and development of the APE ecosystem in a fair and inclusive way. It utilizes the Ecosystem Fund, which is controlled by a multisig wallet, to pay its expenses as directed by the ApeCoin DAO and provides an infrastructure for ApeCoin holders to collaborate through open and permissionless governance processes.
The DAO
ApeCoin DAO exists because decentralized governance is critical to building and managing a globally dispersed community—and therefore critical to the success of the APE ecosystem.
The APE Improvement Proposal Process (see Governance) will allow ApeCoin DAO members to make decisions regarding Ecosystem Fund allocations, governance rules, projects, partnerships, and beyond. ApeCoin DAO membership is open to all ApeCoin holders.
The Board
A special council on the APE Foundation (the DAO’s “Board”) provides, at the behest of the ApeCoin DAO members, oversight of the Foundation administrators. The purpose of the Board is to administer DAO proposals and serve the vision of the community. It meets on proposals requiring administrative review under ApeCoin DAO rules. The initial Board serves a term of six months, after which DAO members will vote annually on Board members.
Alexis Ohanian
Co-founder of Reddit; General Partner & Founder of Seven Seven Six
Amy Wu
Head of Ventures & Gaming at FTX
Maaria Bajwa
Principal at Sound Ventures
Yat Siu
Co-founder & Chairman of Animoca Brands
Dean Steinbeck
President & General Counsel at Horizen Labs
ApeCoin Protocol
ApeCoin is an ERC-20 governance and utility token used within the APE ecosystem to empower a decentralized community building at the forefront of web3.
As the open-source protocol layer of the ecosystem, ApeCoin serves several purposes:
Governance - ApeCoin is the ecosystem’s governance token, allowing ApeCoin holders to participate in ApeCoin DAO.
Unification of Spend - ApeCoin is the ecosystem’s utility token, giving all its participants a shared and open currency that can be used without centralized intermediaries.
Access - ApeCoin provides access to certain parts of the ecosystem that are otherwise unavailable, such as exclusive games, merch, events, and services.
Incentivization - ApeCoin is a tool for third-party developers to participate in the ecosystem by incorporating APE into services, games, and other projects.
I don't like APE's, short opportunity after finishing wave 5APE is most likely going 200+, it sounds stupid i know. I'll show you in a later post why.
But for now here's a short setup coming.
Ps. don't have to short there, ill just be monitoring the breakout and shorting the first rejection near those levels on the 15.
APE: SCALPINGEntry : **** STO. 2H cross up only ****
....
1. The analysis is for scalping /day trade methods only , not for coin holders/investors /long term If you follow it please set SL at ur acceptable risk
2. Tradingview won't let me update the analysis status via phone-- but i try to log in PC 1 time a day
APE - Harmonic ButterflyMy favorite Harmonic pattern, Butterfly ...
The Butterfly Pattern®, The general extension structure of the Butterfly Pattern® was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.”
This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern® requires specific Fibonacci ratios to validate the structure.
These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern® must include an AB=CD pattern™ to be a valid signal.
Frequently, the AB=CD Pattern™ will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) B-C projection.
These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all time (new highs/new lows) price levels.
APE COIN - Was a Perfect Call 🍌🦍 (Repeat?)We called the levels nicely on APECOIN and this could be time to repeat:
Price on Support of 14,95 and we could be tempted for a new Long position today.
ps. Keep in mind there is a rate hike today.. be careful and do some research..always Long a good chart on support but remember to hedge and go short on something at the same time.
See you later..tonight could be Epic.
One Love,
the FXPROFESSOR