Connect with us

Hi, what are you looking for?

Trading Secrets

ApeCoin And Akita Inu: ApeCoin is back at the 1,700 level

ApeCoin And Akita Inu: ApeCoin is back at the 1,700 level

ApeCoin is in a pullback after climbing to the 1,910 level yesterday. Akita Inu’s price continues to move below the EMA200 moving average, forming yesterday’s weekly low at the 0.0000001315 level.

ApeCoin chart analysis

ApeCoin is in a pullback after climbing to the 1,910 level yesterday. The price already fell to the 1,700 support level in the afternoon hours. After that, we saw an attempt to recover with a jump to the 1,850 level. We stop there and form a lower high compared to the previous one.

From there, we start with a new bearish consolidation and are currently at the 1,700 level again. Again, we are putting pressure on the support zone, which could have a negative impact on the future trend.

Potential lower targets are 1,650 and 1,600 levels. In the zone around 1,650 levels, additional support for the price is the EMA200 moving average. We need a positive consolidation and a move up to the 1,800 level for a bullish option.

With that step, we would have moved far away from the unpleasant zone. We would also form the bottom from which we would easily start the recovery. Potential higher targets are 1,950 and 1,900 levels.

Akita Inu chart analysis

Akita Inu’s price continues to move below the EMA200 moving average, forming yesterday’s weekly low at the 0.0000001315 level. After the support at that level, we tried to start the recovery, but we were stopped at the 0.0000001390 level. The new EMA200 pressure pushes the price down, and we are back to the support level of yesterday.

Increased bearish momentum could easily break the price level below and form a new low. Potential lower targets are the 0.0000001300 and 0.0000001280 levels. For a bullish option, we need to return to the EMA200 and the 0.0000001400 levels again.

Only by moving above them will we have the opportunity to rely on the bearish pressure and start a recovery on the bullish side. Potential higher targets are the 0.0000001420 and 0.0000001440 levels.

The post ApeCoin And Akita Inu: ApeCoin is back at the 1,700 level appeared first on FinanceBrokerage.

Enter your email address below and we’ll send you our best practices.

    You can unsubscribe at any time. Redstatefoundation respects your privacy and strives to be transparent about our data collection practices. Please read our Privacy Policy and Terms of Use.

    You May Also Like

    Trading Secrets

    What is the marginal rate of substitution and its formula? Key Takeaways: Trade-offs and Satisfaction: MRS shows the trade-offs consumers are willing to make...

    Trading Life

    Laura Wong Hon Chan is an interest rate options trader, who is currently a director at Bank of America Merrill Lynch in New York....

    Trading Secrets

    In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews what’s driving the markets higher and what to be on the lookout...

    Trading Secrets

    SPX Monitoring Purposes: Long SPX on 10/10/22 at 3612.39; sold 12/13/22 at 3669.91 = gain 1.59%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at...