ARN ANALYSIS
ARN has broken into a new historical low following the path of many other alt coins. I do expect a small relief run for alts though, and expect ARN to jump out of this low back up to accumulation zone at T1 of 1750 sats. I also am looking for main rejection at the major 50 & 100 moving averages at T2 of 1940. The main zone to watch though is 1920-1980 sats. I place T2 directly between these to make sure take profit is hit here— as it is important in case of strong rejection or scam wick. A push back down to bottom lows is not unlikely. RSI and stoch look to have flipped for a small pump back up, but I dont think buyers will be able to push outside of the bearish trend yet.
Possible Entry: 1550 sats
ARN has broken into a new historical low following the path of many other alt coins. I do expect a small relief run for alts though, and expect ARN to jump out of this low back up to accumulation zone at T1 of 1750 sats. I also am looking for main rejection at the major 50 & 100 moving averages at T2 of 1940. The main zone to watch though is 1920-1980 sats. I place T2 directly between these to make sure take profit is hit here— as it is important in case of strong rejection or scam wick. A push back down to bottom lows is not unlikely. RSI and stoch look to have flipped for a small pump back up, but I dont think buyers will be able to push outside of the bearish trend yet.
Possible Entry: 1550 sats