Clear Downward Trend
APE demonstrates a clear downward trend on the weekly timeframe, marked by lower lows and highs. A recent brief rise reversed after encountering significant resistance. On the daily timeframe, the downtrend persists, and the price has reached a critical support in the blue zone. A fall below this level may signify further decline, while a rise above the orange zone (the last downtrend peak) could indicate a potential trend reversal.
2/3/20241 min read
In the weekly timeframe, APE shows a clear downward trend with lower lows and highs. Its recent rise was brief, reversing after meeting significant resistance.
In the daily timeframe, the downtrend continues. Price has reached a critical support (blue zone). If it falls below this, expect further decline. However, a rise above the orange zone (the last downtrend peak) could indicate a trend reversal.