$ARRR has been consolidating between the 0.5 ($1.91) and 0.382 ($3.03) Fibonacci retracements. We are seeing very strong support around $1.91. I would be looking to be a buyer around that zone.
On the bullish side, we can see three drives bullish divergence on RSI showing which shows us that the bulls are gaining strength, thus increasing the chances for some upside.
We can also see price consolidating right under the horizontal trendline. A break of this trendline with a stop below the recent low could present a nice long entry.
On the bullish side, we can see three drives bullish divergence on RSI showing which shows us that the bulls are gaining strength, thus increasing the chances for some upside.
We can also see price consolidating right under the horizontal trendline. A break of this trendline with a stop below the recent low could present a nice long entry.
