Trading Ideas

ApeCoin at 1.650 and Akita Inu above 0.0000001600 level 

ApeCoin

ApeCoin at 1.650 and Akita Inu above 0.0000001600 level

  • On Sunday, ApeCoin’s price climbed up to 1,900 levels.
  • Over the weekend, the price of Akita Inu rose to 0.0000002650 levels.

ApeCoin chart analysis

On Sunday, ApeCoin’s price climbed up to 1,900 levels. From that moment, the pullback starts, which lowers the price to 1,529 levels on Monday. With that move, ApeCoin lost almost 20% of its value. We managed to find support and start a recovery to 1,680 levels. And now we are consolidating around it as we have additional resistance in the EMA50 moving average around the 1,700 level. We need a break above for further recovery to the bullish side.

Potential higher targets are 1,720 and 1,740 levels. We would continue the pullback for a bearish option with a negative consolidation. We would look for the first support at the 1,620 level. Failure to hold on there would lead to further decline and retreat to lower levels. Potential lower targets are 1,600 and 1,580 levels.

ApeCoin Chart Analysis

Akita Inu chart analysis

Over the weekend, the price of Akita Inu rose to 0.0000002650 levels. After that, the price retreats and falls to the 0.0000001600 level. Additional support at that level is the EMA50 moving average. From there, we started a bullish consolidation that took us up to the 0.0000001800 level. We now hope to see a continuation of this consolidation and recovery in the Akita Inu price. Potential higher targets at 0.0000002000 and 0.0000002100 levels.

We need a negative consolidation and pullback to the 0.0000001600 support level for a bearish option. A break below would take us down to the 0.0000001500 level. Price pressure would increase as we fell below the EMA50 moving average. Potential lower targets are 0.000001400 and 0.0000001300 levels.

Akita Inu Chart Analysis

The post ApeCoin at 1.650 and Akita Inu above 0.0000001600 level appeared first on FinanceBrokerage.

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