ApeCoin, SafeMoon & Bitcoin — Asian Wrap 17 June

ApeCoin price is more of a guessing game than most cryptocurrencies. The newly established low at $3.07 should have a retest to define a true market bottom but forecasting when is nearly impossible. ApeCoin price has validated previously written outlooks at FXStreet as the May 12 low at $5.17 has been a critical area of interest over the last few weeks.


Safemoon price is following the technicals mentioned in previous outlooks. The Safemoon price saw an impressive 80% rally last month as one of the only cryptocurrencies to outperform and bring in net positive gains for investors. Invalidation of the downtrend is a close above $0.0005000.


Bitcoin price has triggered an unprecedented levell of fear in the market according to the Fear and Greed Index. BTC price now shows RSI divergence between two significant levels, which confounds one more bull-run will occur. Invalidation of the macro bullish count is a breach at 13,880.

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