ApeCoin, Terra & Ripple — Asian Wrap 4 August

ApeCoin price shows questionable signals to start the month of August. Since mid-July, the APE price has been on a steady uptrend. However, the Volume Profile Indicator does not display a confident pattern justifying the gains. The APE price still has the potential to rally, but a smart money liquidity hunt targeting $4.40 will be unsurprising if it occurs.

 

Terra’s LUNA price could begin a charge towards $2.70 liquidity levels. FXStreet subscribers may recall the liquidity zone as it was successfully utilized in a bearish trade idea forecasted on July 6. The uptrend scenario depends on $1.61 holding as support.

 

XRP price shows reasons to believe in an uptrend scenario targeting $0.48 in the short term. XRP price shows strength as the bulls have rallied 26% in a week. The digital remittance token now stands erected above a descending parallel channel’s median line, which can be viewed as contrarian bullish.