Trade Setup of #APE/USDT
Trade setup: Bearish breakout from Falling Wedge pattern and price made a new Lower Low, which confirms a downtrend. However, near-term, it was oversold (RSI < 30) and could bounce up off of $2.00 support and swing back up to $3.00 resistance. Momentum turned bullish again (MACD crossover). (set a price alert).
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $2.00. The nearest Resistance Zone is $3.00 (previous support), then $4.00, and $6.30.
