ARPA Chain - Bear flag confirmation

On the above weekly chart price action has increased 200% since the year began. A few reasons now exist to be short. They include:

1) Price action and RSI support breakouts.

2) Price action confirms the 2nd bear flag with the *complete* weekly candle closing outside the flag.

3) The 2nd bear flag forecasts a 2 cent target / 50% correction from current levels.

4) A majority of tradingview.com ideas are long.

Is it possible price action continues higher? Sure.
Is it probable? no.

Ww

Bình luận:

GRM now acting as resistance. With Gravestone DOJI. Look left (blue circles).
Don't know how or why some alts can look amazingly bullish and others... this next cycle is not going to be equal for alts.

2-day

Giao dịch được đóng thủ công:

closed for the moment. Is more bullish than bearish near term.

Bình luận:

Can't be bothered to write a long idea... it would seem a 200% move to the upside is about to print.