Arweave dropped to a key support level at $25 dollars. Normally we should expect a bounce from this level at least until the top of our downtrend or resistance level.
However, the market remains quite bearish and a bounce may be weak. If this key support is lost then Arweave will go under $20.
I am totally interested to buy at around $10, particularly if the market remains bearish and we get a nice discount.
High timeframes like weekly are bearish but in the short term, we could get a nice relief rally. :)
Let's see, bias is neutral as long as this support holds. If it breaks, bias turns BEARISH.
Like and follow if you liked this idea!
However, the market remains quite bearish and a bounce may be weak. If this key support is lost then Arweave will go under $20.
I am totally interested to buy at around $10, particularly if the market remains bearish and we get a nice discount.
High timeframes like weekly are bearish but in the short term, we could get a nice relief rally. :)
Let's see, bias is neutral as long as this support holds. If it breaks, bias turns BEARISH.
Like and follow if you liked this idea!
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📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.