With a nice uptrend in Q3 2020, ARPA was one of the top gainers. However, he fully retraced its pump and today, ARPA is sitting on the old resistance, now turned into a support.
Make sure to wait for a bounce and a green MACD to enter back.
💎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...
ARPABTC- Long - Potential 37.29%
Entry - 355
TP2 - 486
Please comment with thoughts and how you get on.
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Good luck out there!