Connect with us

Hi, what are you looking for?

Smart Success Strategy – Investing and Stock NewsSmart Success Strategy – Investing and Stock News

Economy

ApeCoin at the threshold of 1,750, what about Akita Inu?

ApeCoin at the threshold of 1,750, what about Akita Inu?

ApeCoin price pulled back below 2,200 and the EMA200 moving average on Friday.
Over the weekend, the price of the Akita Inu attempted to initiate a bullish consolidation.

ApeCoin chart analysis

ApeCoin price pulled back below 2,200 and the EMA200 moving average on Friday. With that step, we stepped on the bearish side that continues today.

On Saturday, we saw a bullish attempt that was stopped at the 2,245 level. From there, we started a bearish consolidation and formed a new low at the 1,935 level. On Sunday, a new bullish attempt followed, which this time was stopped at the 2,155 level.

Thus, we formed a lower high compared to the previous one and thus confirmed that we continue with the bearish option. We are moving lower today, forming a weekly low at the 1,756 level. The price is trying to move above 1,800, but for now, the bearish pressure is still very strong and does not allow us to do so. Potential lower targets are 1,700 and 1,650 levels.

Akita Inu chart analysis

Over the weekend, the price of the Akita Inu attempted to initiate a bullish consolidation. It was short-lived because we briefly reached the 0.0000003500 level. We are returning to the previous consolidation again and falling below the EMA200 moving average.

On Monday, the bearish pressure intensifies and we start to fall below the 0.0000003000 level. By the end of the day, the price went down to the 0.0000002700 level and tried to consolidate there.

This morning we see a drop below that support level and a continuation all the way to 0.0000002369, the new weekly low. The pressure is increasing, and we can expect a further pullback to an even lower level. Potential lower targets are the 0.0000002300 and 0.0000002200 levels.

If we return above 0.0000002500, we will have the opportunity to maintain in that zone and try to start a new bullish consolidation. Potential higher targets are the 0.0000002600 and 0.0000002700 levels.

The post ApeCoin at the threshold of 1,750, what about Akita Inu? appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative. Despite geopolitical tensions and uncertainty, the...

    Editor's Pick

    Overview Mexico’s Sinaloa state hosts a number of prolific silver and gold mines, including McEwen Mining’s (TSX:MUX) El Gallo Complex, Americas Gold and Silver’s...

    Editor's Pick

    Uranium is an important energy sector commodity, and its rising value has attracted investor interest. 2023 has seen uranium prices solidly above the important...

    Investing

    A new survey shows that the presidential race between former President Donald Trump and President Biden is thin, but Biden faces a deficit in...

    Disclaimer: smartsuccessstrategy.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 smartsuccessstrategy.com