AR parallel channel and butterfly#AR/USDT
$AR is below upper line of ascending parallel channel, also there is an ascending support near the price.
🐮 break out from upper line of channel will help bulls continue rally to $16 to complete butterfly pattern.
🐻 break down from ascending support will drop price to middle line of channel that is the same with support zone around $11.
Arweaveusdt
ARWEAVE/USDT Nice possible re-entry (or DCA) at the $26 range
Points of coincidence:
- lost support at a significant level ($30-32 range)
- price moving towards the trend line (diagonal support) and anchored VWAP
- MFI is oversold
Failing support at the diagonal (S1) invalidates this trade.
No financial or investment advice.
Arweave/USDT looking Bullish- From the ATH on Aug 29/2020, AR. retraced 78% then it grew 2700%
- From the ATH on May 15/2021, it retraced 84% then grew 1160%
- The ATH on Nov 05/2021 retraced 74%, and the growth potential should be at least 700% from point C or 400% from the current price.
- Weekly MFI is currently above 55, very bullish.
- Weekly MACD: coming from below 0 line, it looks like it is getting ready for a crossover. I'm biased to say it looks bullish.
- The project is promising and has a lot of growth potential.
- If the price goes below stop loss, the trade is invalidated.
Note: Not financial or investment advice.
Arweave (AR) formed bullish Gartley for upto 25.5% moveHi dear friends, hope you are well and welcome to the new trade setup of Arweave (AR) coin with Bitcoin pair
On a 4-hr time frame, AR has formed bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
AR Arweave: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Arweave (ARUSDT).
The chart is self-explanatory. The current price is in a bearish pennant with the RSI in the oversold region. The price may have the ability to go up with a potential for a fake out. The measured move of the bearish pennant is almost at the Danger Zone (multi-month) support line. If price moves up, keep an eye on the resistance areas as well as the Ichimoku Cloud resistance.
Included in the chart: Trend line, Support and Resistance Lines, RSI , Bearish Pennant, Ichimoku Cloud, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have a bunch of additional recent charts below on cryptocurrencies to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
ARWeave Analysis: Still on CorrectionAR just painted a head and shoulders pattern and recently broke out of the neckline of this pattern. Since the whole market is bearish and on correction right now, AR will also see more dips. I think we are on the "A" wave of Elliott Wave counting. I expect the A wave to end at $18 and then bounce back up to the bottom line of the main head and shoulders which will complete the pullback as well as the B wave on %38.2 of "V" to "A" impulse. The last correcting wave (C) will bounce at $7.5 which is the golden zone to buy back AR
ARUSDT Resistance Breakout!ARUSDT (1D Chart) Technical analysis
ARUSDT (1D Chart) Currently trading at $71.78
Buy level :Above $71
Stop loss: Below $49
TP1: $90
TP2: $125
TP3: $160
TP4: $205
Max Leverage 2x/Spot Market
Always keep Stop loss
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