At the start of the month I was looking for a short entry on ARB, which has been playing out great thus far. However, with ARB losing value rapidly, I'm starting to look for long opportunities.
ARB is trading in a very well-defined bearish channel (or wedge). My strategy is to wait for the price to touch the bottom support. Ideally, the daily RSI will be below...
After a flying start, CAKE has died down a little. Over the course of the last week CAKE has shown small signs of recovery: the low of around 8.30 seems to be the low for now. With Bitcoin and many other crypto's on the rise, it's to be expected that CAKE will soon see some more bullish price action and break-out of the channel.
Before entering this trade wait...
BAL/USDT has given us a new ATH today, an amazing milestone for long term investors.
Since we're in undiscovered territory now, now one can really say where we will go, therefore I've selected round numbers as the main resistances ahead. R1 being $45 and R2 being $50 respectively.
Before entering this trade, wait for a daily close above the ATH.
Happy trading!
