Oversold, Low Volume, & on the 200 EMA Is the sell-off over?
Good afternoon,
Today we are looking at the ARPA/USD on the daily chart. In October, we saw the price of ARPA rise 276% on the news of a Coinbase listing. Since then, the price structure began to retrace, exacerbated by the recent Bitcoin "flash-crash." The good news is we are beginning to see the average selling volume on the daily chart below the average daily volume before the Coinbase pump.
RSI is showing oversold.
MACD is beginning to turn.
Price is currently sitting at the 200 Day EMA, which should be a strong support area.
Is this the bottom? No way to tell, but I think we're pretty close baring any erratic price decline from Bitcoin.
If the price breaks through $0.115
Next two targets are $0.148 & $0.175
If price breaks down;
Next two targets are $0.07 & $0.045
Today we are looking at the ARPA/USD on the daily chart. In October, we saw the price of ARPA rise 276% on the news of a Coinbase listing. Since then, the price structure began to retrace, exacerbated by the recent Bitcoin "flash-crash." The good news is we are beginning to see the average selling volume on the daily chart below the average daily volume before the Coinbase pump.
RSI is showing oversold.
MACD is beginning to turn.
Price is currently sitting at the 200 Day EMA, which should be a strong support area.
Is this the bottom? No way to tell, but I think we're pretty close baring any erratic price decline from Bitcoin.
If the price breaks through $0.115
Next two targets are $0.148 & $0.175
If price breaks down;
Next two targets are $0.07 & $0.045
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ เงื่อนไขการใช้บริการ