- ApeCoin price retreated to the tested support at the 1,500 level yesterday.
- Akita Inu price continues this week’s sideways consolidation in the 0.0000001000-0.0000001080 range.
ApeCoin Chart Analysis
ApeCoin price retreated to the tested support at the 1,500 level yesterday. We managed to get support at that level and start a recovery to 1,630. For now, we pause there and pull back towards the 1,600 level. It is positive that we are above the EMA50 moving average and we hope to gain its support for the continued bullish side. The highest potential targets are the 1,650 and 1,700 levels.
For a bearish option, we need a negative consolidation and pullback to retest the support at the 1,500 level. Going down, we would fall below the EMA50, which would appear negative for ApeCoin price. Greater pressure would influence us to continue the pullback to the next support. Possible lower targets are the 1,450 and 1,400 levels.
Akita Inu graphic analysis
Akita Inu price continues this week’s sideways consolidation in the 0.0000001000-0.0000001080 range. Today’s move is mainly around the 0.0000001020 level, which puts pressure on the lower support zone. It is also negative that we are further below the EMA50 moving average, which increases the pressure on prices. A break below would lead to the formation of a new low and thus confirm the bearish momentum on the chart.
Possible lower targets are the 0.0000000980 and 0.0000000970 levels. We would first need to break above the EMA50 moving average and the 0.0000001050 level for a bullish option. So we have to stay there. Therefore, we would form a new bottom from which we could start a recovery and break above the 0.0000001080 level. The highest potential targets are the 0.0000001100 and 0.0000001120 levels.
ADDITIONAL VIDEO: Weekly summary of market news
!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=();t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)(0);s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’504526293689977′);fbq(‘track’,’PageView’)
