ARPA.BTC (Y20.P3.E2).Pullback completed.

25 ส.ค. 2020

**** continuation from the previous post, link below ***

Hi All,

The pullback to the 0.618 fib level was ideal and although I missed it, I'm looking to re-enter again.
Just need to time in the lower time frames.
This possibly can be a real good setup for a macro parabolic phase...time will tell.

OBSERVATIONS:
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- 0.618 fib level retracement
- Stochastic RSI is lauched from the bottom level on the 12 HRLY, Daily is about too.
- Along with the phoeix indicator showing energy above the 50% and the Green RSI on the daily.
- Most important, the 12 hrly and daily candle sticks show bullish engulfing profile
- Confluence with the daily 21/34 ema as a bounce area.

THOUGHTS:
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Too many points are positive, just be selective in your entrance for max effect.
As per the daily chart , it can go parabolic. for now, I have a short term target.

12 HRLY chart


Daily Chart



Regards,
S.Sari



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