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Kryptochristian

TRADE OF THE DAY | Bullish Divergence In Play Poss. 18%

Long
ARPA Chain / TetherUS PERPETUAL CONTRACT (BINANCE:ARPAUSDT.P)  
Kryptochristian  
BINANCE:ARPAUSDT.P   ARPA Chain / TetherUS PERPETUAL CONTRACT
Trend Analysis Chart Patterns Technical Indicators arpa Divergence
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trendanalysis chartpattern indicator arpa divergence
TRADE OF THE DAY | Bullish Divergence In Play Poss. 18%

One of the few current set ups with a strong bullish divergence in play after a massive drop from its recent big move. No surprise that we are showing a broadening wedge formation - not broken yet but on the whole quite a bullish pattern. The key drivers for the long here are the divergence, high untested weekly pivot, regained a nice support and the 200 Daily EMA. The TP also falls nicely within a key resistance and inside the untested weekly pivot.

Its going to be an insanely volatile week so just beware of any trading right now.

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