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ARPA Chain / TetherUS

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ARPAUSDT trade ideas

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)
by slekap
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
Long
by SK1368
ARPA break outI've been checking ARPA for the last 3 weeks, it took a lot of time to break out from this triangle. I don't know if the price will rise as slowly as it took it to breakout but my potential profit is there on the chart, most of it is yest to be reached. You might try opening a spot position but use stop losses: - safe stop loss which could trigger easily: behind the triangle side at 0.02845 - wide stop loss difficult to trigger but which would lead to a almost -10% from current price: 0.02719
Long
by Shotokhan