ARPA/BTC - 2020.Feb.03 - Broadening wedge
LT showing a potential declining broadening wedge.
MT showing a potential IHS with upward neckline
Price currently near S-level so will enter here. Will also consider an entry at next S-level for better R/R.
Current R/R about 1.8x assuming no breakout (price stops at wedge top-end). Will set TTP with 3-5% trail.
Lower R/R about 3-5x assuming exit at top-end of wedge, again no breakout. Will set TTP with 5% trail.
LT POV:
MT showing a potential IHS with upward neckline
Price currently near S-level so will enter here. Will also consider an entry at next S-level for better R/R.
Current R/R about 1.8x assuming no breakout (price stops at wedge top-end). Will set TTP with 3-5% trail.
Lower R/R about 3-5x assuming exit at top-end of wedge, again no breakout. Will set TTP with 5% trail.
LT POV:
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