Structural End Convergence Comparison

Original link: https://muyexi.im/jie-gou-mo-duan-shou-lian-dui-bi/

On April 13, the price of BTC reached the upper boundary of the shock range.

BTCUSDT_2023-05-07_14-26-24_b4ae2

LOOKS triangles converge.

LOOKSUSDT_2023-05-07_14-24-50_b7cd4

APE is in an ascending triangle, with explosive volume at the end.

APEUSDT_2023-05-07_14-19-26_48e3e

The trading volume is too significant, choose to go long APE.

Looking back, although the trading volume of APE is significant, but the long upper shadow combined with Footprint, we can see that there is a large amount of supply at the top.

image

At 23 o’clock on the 14th, after APE broke through and tested the previous high (the position of the upper shadow line), it fell back to the shock range, so it took the initiative to stop profit. In contrast, the rise of LOOKS is more sustainable, with an increase of 18%.

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