ARPA Chain - Bear flag confirmation

On the above weekly chart price action has increased 200% since the year began. A few reasons now exist to be short. They include:

1) Price action and RSI support breakouts.

2) Price action confirms the 2nd bear flag with the *complete* weekly candle closing outside the flag.

3) The 2nd bear flag forecasts a 2 cent target / 50% correction from current levels.

4) A majority of tradingview.com ideas are long.

Is it possible price action continues higher? Sure.
Is it probable? no.

Ww

Note

GRM now acting as resistance. With Gravestone DOJI. Look left (blue circles).
Don't know how or why some alts can look amazingly bullish and others... this next cycle is not going to be equal for alts.

2-day

Trade closed manually

closed for the moment. Is more bullish than bearish near term.

Note

Can't be bothered to write a long idea... it would seem a 200% move to the upside is about to print.

without_worries

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Allow 3-6 months on ideas. Not investment advice. DYOR

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without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: