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ARPAUSD

ARPA/BTC (Bullish Early Sign?)ARPA/BTC -ARPA Chain is on a short term downtrend from the High at 490 sat -Its value has depreciated by over -40% at peak -We can see a downward trendline resistance coming from the top -This is a local barrier keeping the Bears in control -During its downfall, we can see a 1st Bullish reaction at Key support area -This zone is a confluence of Golden Fib, 200ma, and previous resistance zone -My Bullish bias would be a retest of the recent low at 290 and trendline break up -You may enter on support retest aggressively or wait for the breakout confirmation -Either way, you must follow proper risk management and trading size -Upside potential is up to 437 sat or higher
by PolarHusk