UPS Lowe's

ApeCoin [APE] traders willing to go short can make most of this pattern

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.Since attaining its all-time high (ATH) on 28 April 2022, the ApeCoin [APE] selling spree has kept the alt below its daily 20 EMA (red) and the 50 EMA (cyan).

The recent streak of higher troughs and peaks registered a decent recovery. But the bears continued to display a robust rejection of higher prices.While a bearish flag setup flares up on the chart, sellers could extend the bearish phase in the coming sessions.

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