The recent formation of a bearish divergence on the 12 hour chart, in conjunction with a previous 12 hour doji candle piercing the established EMA, serves as a clear indication of weakness at this current level. It is likely that APE will experience a downward trend and test the .618 Fibonacci retracement level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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