#ARPA is still respecting the ascending channel on the 4H timeframe after bouncing cleanly from the lower trendline. The recent pullback found demand near channel support, indicating buyers are defending the structure. As long as price holds above ~0.0125, a #move back toward the mid-channel and upper resistance is likely. A clean break below the lower trendline would invalidate the #bullish setup and open downside risk. #crypto
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#ARPA is still respecting the ascending channel on the 4H timeframe after bouncing cleanly from the lower trendline. The recent pullback found demand near channel support, indicating buyers are defending the structure. As long as price holds above ~0.0125, a #move back toward the mid-channel and upper resistance is likely. A clean break below the lower trendline would invalidate the #bullish setup and open downside risk. #crypto