ARN is having a big chance to raise price up in near future
Best Buyzone : 4800. However, it's not easy to return to this buyzone so you can buy back to 4800 from current price 4950
Sell targets should be 6000 and 7445
Stoploss if price is lower than 4800 and will consider buying back around 4000
ARN is currently in accumulation cycle. Another cycle will be THE BREAKOUT CYCLE. Be ready.
Your entry should be in triangle you see on the chart.
STOPLOSS should be below support trendline.
Targets are on the chart - around 30 and 50%.
Currently ARN is under the pressure of sellers left from 1st of December. If we had a usual market situation with bearish BTC I wouldn't touch that coin at all. But now that we have some positive movements ARN can make its shot and gain from 8% to 20% from where it is now.
No, really, that ain't such a good trade from a...
This is a similar situation to my last idea about RVN/BTC.
Here's the daily view:
That red block is a 4H block where the price bounced from. Since then we haven't locked below the middle of that daily(green) pivot block, which is a good sign.
On the 1H chart, there's the resistance level we're now pushing up against. IF...
- a lot is labelled on the chart
- fractal from the beginning of November when price action had 5 waves down then a bounce for 17%.
- very familiar situation happening here
- lower low in price action with higher low in RSI, bullish divergence.