Technical analysis by YavuzOZ_23 about Symbol ARPA: Buy recommendation (5/16/2024)

Risk appetite increased in the markets, especially after the inflation data from the USA that was better than expected. The probability of FED's interest rate cut in September and November increased to 75% in September and 85% in November, respectively. Leaving aside the hawkish discourses of the FED members (as far as I think, the FED will continue to direct the market with hawkish discourses. These movements may cause a short-term negative impact on the market). Let's come to today, unemployment benefit application data will come from the USA today. In my analysis, I said how important employment is for the FED. I think the markets could be more positive if the increase in applications for unemployment benefits is added to the latest positive inflation data. arpa is a coin that I have been following closely for a long time and I am expecting an attack soon. Its chart may go to good places ARPA as long as BTC's positive atmosphere continues and it moves horizontally for a while.