It's trying hard to stay above 100 sats.
We have strong buy signals but it's still struggling with McGinley Dynamic.
Leaving McGinley behind will be a another bullish signal.
I'm currently positive to take a long position with a close Stop-Loss.
Don't forget to update your stop-loss in your every trade at least daily!
Target: 193 sats
Stop-Loss: 95 sats...
We can see at the chart an accumulation above the Key Level.
But, it didn't break the first time.
Now after the closer retest the possibility to break is huge.
Let's catch the best Sell entry together!
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
💎Technical Analysis Summary💎
-ARPA Chain is testing major support area at 200s sat
-This level must hold for a few days and form a base of support
-If any reversal signs or Bullish rejections is seen
-Wait for a breakout on a lower timeframe like 4H period
-The upside potential target is up to 300s...
-ARPA Chain is painting bearish rejection candles around 432 sat
-This is a sign of weakness during its uptrend
-Though the upward trendline of support still valid
-But it is giving us a warning sign of profit-taking
-If the trendline of support will be broken down
-That will signal a Swing Lower High and start of a downtrend
-Please use stop...
**** continuation from the previous post, link below ***
The pullback to the 0.618 fib level was ideal and although I missed it, I'm looking to re-enter again.
Just need to time in the lower time frames.
This possibly can be a real good setup for a macro parabolic phase...time will tell.
- 0.618 fib level...
-ARPA Chain is on a short term downtrend from the High at 490 sat
-Its value has depreciated by over -40% at peak
-We can see a downward trendline resistance coming from the top
-This is a local barrier keeping the Bears in control
-During its downfall, we can see a 1st Bullish reaction at Key support area
-This zone is a confluence of Golden Fib, 200ma,...