Ape 4H looking strong
APE / TetherUS BINANCE:APEUSDT
Here is $Ape and our Fibonacci levels of the current move. What we can see from this, is the 4H candle bodies have had massive confluence with each of these levels. Currently, it looks as though this $13.50-$13.80 level could be a bottom before a relief rally. It is still possible we drop to our long term trend line around $11.70, but if this ($13.80) does become our bottom, we could see a 36% to 60% relief rally to the upside before potentially creating a lower high and continuing lower. Our 4H RSI is also very close to oversold in addition to having our CM show strength which lets us know we can start DCA around these levels for long positions.
