📈 $ARC / USDT Analysis: Bullish Momentum & EMA Crossover
Outlook: Bullish (Long) 🟢
Timeframe: 4H
Technical Analysis:
The 4-Hour chart for ARC is showing strong signs of recovery after the recent consolidation.
EMA Support: The price has successfully reclaimed the EMA 7 and EMA 25, trading well above the EMA 99 (purple line @ 0.0472).
Bullish Crossover: We are seeing a potential "Golden Cross" on the lower timeframes where the EMA 7 (yellow) is crossing above the EMA 25 (pink), signalling short-term bullish strength.
MACD: The MACD has flipped bullish with the signal lines crossing below the zero line and the histogram turning green 🟢.
RSI: RSI(6) is at ~61, indicating there is still room for upward movement before hitting overbought territory.
💰 The Trade Setup
Entry Zone: $0.0525 - $0.0535 (Current Market Price or slight pullback to EMA support).
Target 1 (TP1): $0.0565 (Recent local highs)
Target 2 (TP2): $0.0600 (Psychological resistance)
Target 3 (TP3): $0.0650 (Extension)
Stop Loss (SL): $0.0485 (Below the recent consolidation zone and EMA support).
Risk Management:
Current volatility is high. Ensure you use proper position sizing. This is a perpetual futures setup; manage your leverage wisely!
#ARC