Evaluate the situation carefully, never enter a position when the price rises impulsively.
Possible in the flat channel. And the Trade can take place there.
Only confirmation, only a permanent price fixation above the resistance level.
On the Daily Timeframe, a "cup" pattern has been formed. Now they add a handle. And if there is a fix above the resistance zone,...
ARPA has seen, like most other crypto's, a strong decline over the last two days. Since Bitcoin's outlook in the short term isn't that good, I think we will see some more bearish pressure occurring on (especially) overbought crypto's. ARPA is one of them.
On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing...
ARPA has been seeing exponential growth in the last couple of days. Assuming price action will remain as it is, we could see a potential new all time high coming our way soon.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Possible ascending triangle forming. Bounced off rising support and there's some resistance at 0.0390. If the macd curls up with this bounce price could range between the rising support and 0.03904. If it breaks out above 0.03904, it is possible to hit the recent high (0.04580). Breaking out below could result in a fall down to 0.03020. Recent dump from swing high...
Green Line: 30 min trend line. massive bullish Angle (could get corrections naturally but dont be scared)
Red channel: channel which it was stock in on 4H timeline broken upwards.
White Triangle: Descending triangle that it was stock in since last summer has been clearly broken.
Resistances marked in thin horizontal Blue lines.
And Lastly the...
ARPA has formed a nice bullish triangle on the 4H chart. This idea is based on a break out of said pattern, so please wait till the price close above the upper resistance of the triangle on a high time frame.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due...