ARRR has yet to go into buy territory. It has gone into the moku cloud, but that does not signify anything yet. This setup is meant to show clear trends, and all we have seen so far is a clear trend down followed by choppiness. If we can get above the cloud, and the cloud turns green, it would be safe to start cost averaging in.
For now, the 10SMA has started flattening out as the price has gone beneath it and even below the 20SMA. Granted in this choppiness, these 2 lines crossing don't really make much sense.
If you look at the regular candlestick chart for ARRR, it shows that we have hit a double bottom. Yet the indicators at the bottom are showing that we may be in for yet another drop.
But it just goes to show that there is no need to panic buy or panic sell at this point. Just stay out or hold on to your position if any.
For now, the 10SMA has started flattening out as the price has gone beneath it and even below the 20SMA. Granted in this choppiness, these 2 lines crossing don't really make much sense.
But it just goes to show that there is no need to panic buy or panic sell at this point. Just stay out or hold on to your position if any.