🔥 APE Reaching Critical Short-Term Resistance: Fall Ahead

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APE / TetherUS (BINANCE:APEUSDT)

BINANCE:APEUSDT APE / TetherUS

Trend Analysis Chart Patterns Technical Indicators APE usdt BTC Bitcoin (Cryptocurrency) crypto Parallel Channel ETH Ethereum (Cryptocurrency) signal

trendanalysis chartpattern indicator ape usdt btc bitcoin crypto parallelchannel eth ethereum signal

APE has been trading inside this bearish channel for nearly two months now. Since we're back at the resistance, I'm anticipating another rejection from the top and new lows coming.

We're patiently waiting for the 4H candle to close below 1.99 to make an entry. Target at 1.65, stop above the recent highs.

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