ARPAUSDT trade ideas
ARPA/USDT - Be careful, there maybe a false breakout 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, there is a chance to keep the coin in the long term. Only with stop loss.
Because if the father of cryptocurrencies falls, he will first take everyone away.
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"This is just my opinion, trade with your trading system."
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ARPA, tight stoploss hereYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
ARPAThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please feel free to ask any question about this TA or crypto or any coin and also leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
🔥 ARPA Short Term Decline At HandARPA 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 lows. Do your own due diligence.
Happy trading!
ARPA/USDT 15/02/21Possible 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 a result of BTC (normal).
If we break the swing high we could see resistance at fib 1.618 (0.0525), and even further, at ATH (0.0580). It's important to note the psychological resistance of 0.0500 though, this level could be respected and fail to be broken multiple times before a break to previously mentioned targets.
Overall still bullish.
Support levels:
0.03490
0.03020
Resistance levels:
0.03904
Recent high of 0.04580 (see fib level 1)
(this is just me logging my TA to see how often I am right vs wrong, do not take this seriously)
Arpa on Bullish pattern in multiple timeframesBINANCE:ARPAUSDT
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 Vertical thin blue lines indicate Fibo Time Stamp which confirm we entered a new phase (5) in which a trend change should be seen and so far this trend has been extremely bullish.
I expect ARPA to reach its ATH at 0.06 within coming 1 month.
Stop Loss: Any Pull back and daily close into the white descending triangle.
Good Luck and as usual this is not a financial advice
🔥 ARPA Path To New All Time HighARPA 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.
Happy trading!