ApeCoin in resistance at 2,100 level, Akita Inu price fell

ApeCoin is encountering resistance at the 2,100 level this morning, forming a daily high. 
The Akita Inu price fell to a new weekly low today. 

ApeCoin chart analysis

ApeCoin is encountering resistance at the 2,100 level this morning, forming a daily high. From that level, the price started a bearish consolidation, which made a drop below the daily open price, pushing ApeCoin to the bearish side. This leads to a drop to the 1,995 level and the formation of a daily low price. Here, we meet the EMA200 moving average, which stopped the bearish consolidation and provides support by keeping us above it.

If we happen to slip below, potential lower targets are 1,980 and 1,960 levels. For now, we are holding solidly above the EMA200 and expect the initiation of a bullish consolidation. With the return above the 2,060 level, we return above the EMA50 and thus get another bullish confirmation. Potential higher targets are 2,080 and 2,100 levels.

Akita Inu chart analysis

The Akita Inu price fell to a new weekly low today. Yesterday’s drop below the EMA200 at the 0.0000002950 level indicated a bearish pullback. Then, we saw an attempt this morning to recover, but it was stopped at the 0.0000003050 level. New resistance triggers a bearish consolidation and takes us back below the EMA200, forming a new weekly low at the 0.0000002867 level.

For a bullish option, the Akita Inu would have to climb back above the EMA200 and the 0.0000003050 levels. Then we need to try and maintain ourselves there above. If we succeed in this, we will be in a good position to start a bullish consolidation. Potential higher targets are 0.0000003100 and 0.0000003150 levels.

The post ApeCoin in resistance at 2,100 level, Akita Inu price fell appeared first on FinanceBrokerage.