✳️ ARPA Chain | A Different Situation (385% To 640% Bullish Pot)

26 dic 2023

Notice the difference between this chart and the other three (DCR, DUSK, WAN) shared recently... Instead of a new All-Time Low, we have a major higher low. May 2022 (bottom low) vs December 2023 (higher low).

Looking at the current action for ARPABTC, bullish signals follow:
➖ Moving above EMA50.
➖ Rising volume, clearly.
➖ Trading above its May 2023 low.

May's 2023 low support is again tested in August 2023.
ARPABTC moves below this level and continues to produce a lower low short-term. The fact that the current action is happening back above this level is a strong bullish signal.

➖ Many Altcoins going bullish.
What one does, the rest follows.

As the Altcoins market heats up it is normal to see many pairs going green.
If we saw this one in isolation producing these signals even though they are good we can still consider them weak. Seeing that many pairs are producing 2-3 digits growth in a single day, we can expect ARPA Chain to do the same.

Thank you my friend for your continued support.

Namaste.