3 Scenarios for ARPA
Hey guys,
here is 3 scenario that can happen for ARPA if you are looking to open a position. You have to consider that this pump could be related to release of their Random number generators (RNG) Randcast and you have to be careful not news can pump the price even more. But for sake of this post, I purely keep it focused on Technical Analsysis.
1/ Price goes up to the level mentioned and shows some weakness as a confirmation to open a short trade. The 0.5 Fib and the volume support this idea.
2/ Price drops to this level of Demand and Buyers show strength, we can have a scalp Buy
3/ Price continues going up to our Daily Demand Zone as the last possible pump before the huge drop.
Here is the Daily Demand Zone.
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Nothing in this TA is a financial advice.
here is 3 scenario that can happen for ARPA if you are looking to open a position. You have to consider that this pump could be related to release of their Random number generators (RNG) Randcast and you have to be careful not news can pump the price even more. But for sake of this post, I purely keep it focused on Technical Analsysis.
1/ Price goes up to the level mentioned and shows some weakness as a confirmation to open a short trade. The 0.5 Fib and the volume support this idea.
2/ Price drops to this level of Demand and Buyers show strength, we can have a scalp Buy
3/ Price continues going up to our Daily Demand Zone as the last possible pump before the huge drop.
Here is the Daily Demand Zone.
====================
Nothing in this TA is a financial advice.