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InkyGrip
Jul 2, 2022 8:20 AM

ARPAUSDT is creating the M pattern Short

ARPA Chain / TetherUSBinance

Description

The price is creating a clear M pattern on 4h timeframe after a nice pump from the demand zone on 0.03$
How to approach it?
IF the price is going to lose the support and retest the neckline as new resistance, According to Plancton's strategy, we can set a nice order
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Keep in mind.
  • 🟣 Purple structure -> Monthly structure.
  • 🔴 Red structure -> Weekly structure.
  • 🔵 Blue structure -> Daily structure.
  • 🟡 Yellow structure -> 4h structure.

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Follow the Shrimp 🦐

Comment

the price is testing the support.
More down if the market is going to have a breakout from its support
Comments
mastershark
✨✨✨
InkyGrip
@mastershark, cheers buddy
FieryTrading
I have the same view, thanks for sharing💪
InkyGrip
@FieryTrading, you rock
SwallowPremium
Looks like a realistic prediction!
InkyGrip
AtlasTrades
I love this method, thank you for great ARPA/USD idea !
InkyGrip
@AtlasTrades, happy to hear that
Solldy
Not the clearest technical analysis, but the description totally brought it out)
InkyGrip
@Solldy, thanks for sharing your point of view
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