Today I will discuss Apecoin fundamental analysis, financial analysis and technical analysis. First I come back to the last video about bitcoin (BTC). In that video I was talking about the Fibonacci levels. My prediction about the bitcoin price in relation to the Fibonacci levels appears to have almost completely come true.
Otherside: the game that creates hype at Apecoin?
Recently an event was held in a game called ‘Otherside’. Otherside is a game by Yuga Labs and Yuga Labs owns several major non-fungible token (NFT)projects such as the Bored Ape Yacht Club, CryptoPunks, and Meebits. We may just get more hype in the near future, which could be amplified if we were to enter a bull market again. The fundamental analysis of Apecoin therefore looks interesting. Apecoin’s financial analysis looks a little less good. The market cap of Apecoin is very large compared to other cryptocurrencies that have been around longer and have proven themselves.
Looking at the technical analysis, I wouldn’t start a trade at this point (my opinion, no financial advice). You could choose to wait for a pullback from the price of Apecoin. You could also grab Apecoin’s four hour chart and look at the support, resistance, exponential moving averages and the RSI.
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I myself dived into the world of crypto at the end of 2019 and have also delved more into equities from the beginning of 2020. I have now found my life mission: a financially healthy life for everyone. At my English- and Dutch I make videos about crypto and stocks under the name ‘Nesami’ on YouTube channels, using my FUPITA method: fundamental, financial and technical analysis. When it comes to crypto, I follow the latest developments in bitcoin, altcoins and NFTs. Are you curious how I can help you with investing in crypto and stocks? Then take a look at my websiteor start right away invest in yourself!
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