ApeCoin, Cardano & Polygon — Asian Wrap 28 June


ApeCoin price shows compression of two Simple Moving Averages as price consolidates. APE price shows bullish re-entrance on the Volume Profile pattern, but traders should steer away from being early buyers. Invalidation of the bear trend remains at $6.15.

 

Cardano price is setting up for a big move. Traders should have alerts set to partake in the anticipated explosion. Cardano price shows an unresolved battle between the bulls and bears in the market. Invalidation of the  uptrend scenario is a breach below $0.425.

 

Polygon’s MATIC price coils just below a triangular barrier that sent the digital asset into the low $0.30 zone during the third week of June. Since the low of $0.316, the bulls have managed to recover 90% of losses, trotting impulsively through the $0.30, $0.40, and $0.50 levels. 



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