Trading Ideas

ApeCoin and Akita Inu: ApeCoin below 1,140 this morning

ApeCoin chart analysis

ApeCoin and Akita Inu: ApeCoin below 1,140 this morning

  • On Friday, the price of ApeCoin fell below the EMA200 moving average and the 1,230 level, which had a negative impact on the trend. 
  • The Akita Inu price fell to a new two-week low yesterday at 0.0000001668.

ApeCoin chart analysis

On Friday, the price of ApeCoin fell below the EMA200 moving average and the 1,230 level, which had a negative impact on the trend. Over the weekend, we saw bearish consolidation and a drop to the 1,180 level. As Monday started, we slid lower, forming a new hunt at the 1,140 level. We could get that support and recover only to the 1,210 level. We stopped at that level and did not manage to start a continuation on the bullish side, but we saw a new pullback.

By the end of the day, the price of ApeCoin fell to the 1,180 level, and this morning we saw a continuation to a new weekly low at the 1,137 level. For now, we are holding above that level and recovering to 1,165. We would have to hold our own here if we plan to start recovery. Potential higher targets are 1,190 and 1,200 levels. By moving above 1,200, we are back above the weekly open price at the positive side.

ApeCoin Chart Analysis

Akita Inu chart analysis

The Akita Inu price fell to a new two-week low yesterday at 0.0000001668. After that, with a couple of bullish impulses, we go back up to the EMA200 moving average and the 0.0000001780 resistance level. We come under pressure again and make a consolidation turning again to the bearish side. This leads to another pullback and testing of yesterday’s low.

With a new bearish impulse, we will form a new weekly low and thereby extend the retreat to lower levels. Potential lower targets are 0.0000001640 and 0.0000001620 levels. We need a positive consolidation and a move above the 0.0000001740 level for a bullish option. There, we get support from the EMA50 moving average, and we could hope for further recovery. Potential higher targets are 0.0000001760 and 0.0000001780 levels.

Akita Inu Chart Analysis

The post ApeCoin and Akita Inu: ApeCoin below 1,140 this morning appeared first on FinanceBrokerage.

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