ARPABTC trade ideas
ARPA.BTC (Y20.P3.E2).Pullback completed.**** continuation from the previous post, link below ***
Hi All,
The pullback to the 0.618 fib level was ideal and although I missed it, I'm looking to re-enter again.
Just need to time in the lower time frames.
This possibly can be a real good setup for a macro parabolic phase...time will tell.
OBSERVATIONS:
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- 0.618 fib level retracement
- Stochastic RSI is lauched from the bottom level on the 12 HRLY, Daily is about too.
- Along with the phoeix indicator showing energy above the 50% and the Green RSI on the daily.
- Most important, the 12 hrly and daily candle sticks show bullish engulfing profile
- Confluence with the daily 21/34 ema as a bounce area.
THOUGHTS:
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Too many points are positive, just be selective in your entrance for max effect.
As per the daily chart , it can go parabolic. for now, I have a short term target.
12 HRLY chart
Daily Chart
Regards,
S.Sari
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>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
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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
ARPA/BTC 4h (Binance) Falling wedge breakoutFA: Arpa Chain is about to release a new ecosystem initiative starting with liquidity mining and stakedrop! #DeFi
TA: Price is looking quite bullish after breaking-out that wedge and that would be a double bottom on LTF.
Current Price= 0.00000223
Buy Entry= 0.00000226 - 0.00000216
Take Profit= 0.00000261 | 0.00000305 | 0.00000377
Stop Loss= 0.00000150
Risk/Reward= 1:1 | 1:1.98 | 1:3.58
Expected Profit= +20.83% | +41.20% | +74.54%
Possible Loss= -20.83%
Fib. Retracement= 0.382 | 0.5 | 0.786 |
Margin Leverage= 1x
Estimated Gain-time= 480h