ARPA/USDT WCA - Rectangle Pattern as a Reversal Introduction:
Hello and thank you for taking the time to read my post. Today, we analyze the ARPA/USDT chart on the weekly scale on the Binance exchange. We focus on a classic price pattern called the "Rectangle Pattern," which serves as a reversal indicator in this particular case.
Rectangle Pattern:
The rectangle pattern is a consolidation pattern that occurs when the price moves sideways within a defined range, creating clear upper and lower boundaries. This pattern suggests that the market is indecisive, and a breakout from the range can lead to a strong move in the direction of the breakout.
Analysis:
The ARPA/USDT chart shows that the head and shoulders pattern, with its head at the previous all-time high on 01/11/2021, marked the beginning of a downtrend. However, we have now transitioned from a downtrend into a sideways trend characterized by a well-defined rectangle pattern. The upper boundary is at 0.05403, and the lower boundary is at 0.02482.
This rectangle pattern serves as a reversal indicator, signaling that a close above the upper boundary could potentially initiate a new uptrend. It is also noteworthy that the price is attempting to move above the 50 EMA, another bullish indication. Being above the 50 EMA typically suggests a bullish environment.
Conclusion:
The ARPA/USDT weekly chart analysis highlights the rectangle pattern as a reversal indicator. Traders should closely monitor this chart for a breakout above the upper boundary, which could signal the beginning of a new uptrend. Until then, this chart remains a watchlist candidate.
Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
ARPAUSDT trade ideas
ARPAUSDT is testing the key levelARPAUSDT is testing a dynamic support level around the 0.038 $ area, which is significant because it follows a bullish impulse.
Traders and investors are closely monitoring these levels, as they provide crucial information about the future direction of the market. If the price manages to hold the dynamic support level, it may continue its upward trend. However, if the support is broken, it could act as a new resistance level, indicating a bearish trend.
According to Plancton's rules, if the price of ARPAUSDT breaks the dynamic support and retests it as a new resistance, this would trigger a short selling opportunity. Short selling is a trading strategy used by traders to profit from a decline in the price of an asset. In this case, if the price of ARPAUSDT fails to hold the support level and turns into resistance, it would signal a potential reversal in the market, providing an opportunity for short-term traders to enter a short position.
Arpa | Buyers Activity Arpausdt
The support is not big in this place, but the pressure of buyers is high.Most probably price will reach resistance again, the next game will start from there, if the breakout comes then surely 50% bullish move is expected.
Consider the above Horizontal Line First Target for now.
Remember: We only give ldea's from our
experience and knowledge, it does not
mean that it will be 100% correct, the
market is always unpredictable, anything
can happen anytime.
Always trade with your own research and
knowledge. If You Are Satisfied With Our
Work Then Join.
ARPAUSDT Bullish ?all that upward movement has to be followed by another, and around this spot looks reasonable for me to buy some. But if the coin loses momentum in the next couple of days, I would probably leave it.
I hope this week to be the start of a long term bullish trend on ARPA..
Just my thoughts, not a financial advice.
ARPA Triangle into TriangleThe coin has formed a cascade of several local resistance levels, behind each of which I expect to see an accumulation of liquidity (there are clearer levels on the spot chart). The trend is locally ascending and the passing volumes are greatly increased, which indicates the interest of participants in the instrument.
ARPAUSDT bullish??ARPA has been going down for a while now, but It has to take a breath and this looks just like the spot to do.
For a week or so I expect it to be bullish...
I don't really have any optimal trades tho,
I bought some and will keep an eye on it.
I'm not an expert so, I don't recommend to take a position without checking it yourself.
ARPA Chain almost completed bullish Gartley for upto 27.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of ARPA Chain (ARPA) token with US Dollar pair.
Recently we caught more than 38% pump of ARPA as below:
Now on a 4-hr time frame, ARPA has formed a bullish Gartley pattern for another bullish reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Riding the ARPA WaveBased on our technical analysis of ARPA's recent market behavior, we are taking a long position with a target of 0.0492. The cryptocurrency has exhibited a strong upward trend, supported by key technical indicators that suggest positive momentum in the short to medium term. As always, you should conduct their own research and exercise caution before making any financial decisions.
ARPA LONG SETUPHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ARPA symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ARPA Chain almost completed bullish Cypher for upto 26.50% moveHi dear friends, hope you are well and welcome to the new trade setup of ARPA Chain (ARPA) token with US Dollar pair.
Our last successful trade of ARPA was as below:
Now on a 2-hr time frame, ARPA has formed a bullish Cypher move for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ARPA Chain ($ARPA):... "Buy the Dip" on corrective structure?Hi everyone!
ARPA Chain ($ARPA) main trend is still bearish , but we do not rule out some interesting corrective moves in the near term. If my analysis is correct, it might be interesting to accumulate on corrective swing and let Long positions run up to 0.46/0.47 area.
...trade with care! 💖
Cheers !
N.B.: Updates will follow below
ARPA Chain ($ARPA): Rebound continuation in short term?ARPA Chain ($ARPA) main trend is still bearish , but we do not rule out some interesting corrective moves in the near term. If my analysis is correct, it might be interesting to accumulate on corrective swing and let Long positions run up to 0.64 area.
Thank you for support and your "Likes" ....we will continue to follow the crypto with updates below!
thanks for your attention and please... trade with care! 💖