ARPA/USDT Bullish set up

140

1. **Support & Resistance Zones**: Identifying key levels where price has historically reversed or consolidated.
2. **Head & Shoulders Pattern**: The chart shows an inverse Head & Shoulders, which is a bullish pattern.
3. **Indicators**:
- Ichimoku Cloud for trend confirmation
- Moving Averages for direction
- Stochastic RSI for momentum

I'll analyze these details and provide a potential buying range.

### **Analysis of ARPA/USDT Chart:**
1. **Inverse Head & Shoulders Pattern**:
- This is a bullish reversal pattern.
- **Right Shoulder** is currently forming, indicating a potential buying opportunity.

2. **Support Levels (Buying Zone)**:
- The **discount zone** (marked in blue) is a key support area.
- **Current Price**: $0.04577.
- **Support Range**: **$0.037 - $0.041**.
- **Key Low**: **$0.02378** (historical support, but extreme case).

3. **Indicators**:
- **Stochastic RSI**: Near oversold, signaling a potential reversal.
- **Ichimoku Cloud**: Price is in a discount zone, meaning it could rise.
- **Moving Averages**: Currently in a downward trend but stabilizing.

### **Precise Buying Price Recommendation**:
- **Ideal Entry Zone**: **$0.037 - $0.041**
- **Aggressive Buy**: If price dips below $0.037.
- **Stop Loss**: Below **$0.032**.
- **Target Price**: **$0.080 - $0.120** (based on resistance levels in the chart).

### **Conclusion**:
This chart suggests ARPA/USDT is in a bullish accumulation zone, with a **strong potential for a reversal** if price stays above **$0.037**. Waiting for a pullback into this range before buying would be a **low-risk, high-reward trade**.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.