I've been looking at AppCoins (APPC) for quite a while now, waiting for the right moment to share this Binance coin. By the time I took a second look today, the price was already taking off. The retrace period is over, is time to try for another run.
Let's see what the charts have to say first, we continue with the instructions to trade this coin.
AppCoins (APPC) Trade Analysis by Alan Masters
*** Charts, Signals & Indicators
You know that most of Binance coins are really new, so there isn't much information on the charts. So we are going to give a quick look at the daily chart and move to the 4 hours chart, which will give us more information.
Here is the daily chart:
- You can see the top, magenta dotted line, and the bottom, black dotted line.
- You can see the TD 0.73% number count on the candles. This coin had a huge decline since the day it was launched, going all the way to negative 9 and finally a full negative 13 count. After a small breakout, a new trend tends to form.
- The indicators have little information, but it can bee seen that they are now trending up and showing plenty of room for growth.
- This chart was also used to extract our long term targets.
- Let's move to the next one.
Now the 4 hours chart above:
- Since the 2nd February, marked by a horizontal red dotted line, a period of positive divergence on the MACD can be spotted on the 4 hours chart. Marked by a purple line.
- You can also see all the indicators registering higher lows. Where the next low is higher than the earlier one. This is a bullish signal.
- More recently, we can see all the indicators turning bullish and pointing upwards. The MACD is showing plenty of room for growth, while the RSI is reaching the oversold range. Don't worry, this can stabilize in only a few days after a retrace. What's important is a new trend UP.
- Many resistance levels were broken all at once.
*** Trade Instructions
Buy-in: 0.000083 - 0.000097
Feel free to buy in within this price range above.
APPC Main targets:
(1) 0.00012451
(2) 0.00016151
(3) 0.00022141
(4) 0.00026412
(5) 0.00031842 (All time high)
(6) 0.00047532 (New all time high)
For long term holders, use the targets above.
APPC Short term targets:
(1) 0.000103
(2) 0.000116
(3) 0.000125
(4) 0.000137
(5) 0.000171
Short term traders, can guide themselves by these targets above.
Stop-loss:
(1) 0.000063 (strong stop loss)
(2) 0.000070 (tight stop loss)
Trade strategy: Follow the instructions above, if by any chance Bitcoin 4.64% starts crashing down hard and the price starts to go down with it, you can sell before reaching stop loss and wait on the side lines until the market stabilize.
*** Message of today: Treasure life
Life is like anything and everything, that I've always seen before.
Life is like a hidden treasure, in the secret chamber is where you are born.
Then you enter the adventure, you are looking for the treasure but you don't know.
As you go deeper and deeper in the search, of the magic that you've become.
You find the secret chamber and realize that the special treasure, is what you are.
The treasure is your essence and the goal is for you to know.
Namaste.