As @EvisHadjipetrou asked, here are my insights about ARVL!
We have some interesting movements here. First, thereâs this advanced breakout in the 30min chart, as the RSI is quite high, while the price didnât break its resistance at 16.14 yet.
If ARVL loses the 15.86, then the bullish thesis is over.
If ARVL does a false breakout and closes above the 16.06, then it is possible itâll seek the 17.67, an important price for ARVL.
The risk reward seems good for the bulls â an insignificant possible loss, and a great possible return.
If it breaks the 17.67 then the 20s is the target, but first things first. Letâs keep our eyes on the 16.06 and 15.86 for now, ok?
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button ð.
See you soon,
Melissa.
We have some interesting movements here. First, thereâs this advanced breakout in the 30min chart, as the RSI is quite high, while the price didnât break its resistance at 16.14 yet.
If ARVL loses the 15.86, then the bullish thesis is over.
If ARVL does a false breakout and closes above the 16.06, then it is possible itâll seek the 17.67, an important price for ARVL.
The risk reward seems good for the bulls â an insignificant possible loss, and a great possible return.
If it breaks the 17.67 then the 20s is the target, but first things first. Letâs keep our eyes on the 16.06 and 15.86 for now, ok?
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button ð.
See you soon,
Melissa.