Arweave up 80%! with a Quickness!!! Where to from here?!Arweave has exploded up 80% in the past few days! Currently it is ranging between $14.00 - $16.oo. If resistance is broken, then I am looking for a move up to the next resistance zone around $18.85. If support is lost, then I would be looking for a pullback to support around $13.00.
Does this move have more gasoline in the tank? Well, the BBWP (not a sexual reference, lol ; ), on the daily is near maxed out. This means that some sideways consolidation in the prior mentioned range is likely before another impulsive move.
If price breaks up, then I am looking for a move towards $17.25, then $19.00.
If price breaks down, then I am looking for a move towards $13.00, then $11.30.
Daily stochastics will remain erect as long as price is closing above $13.00. If stochastics turn bearish, then continuation down to support at $11.30 is likely!
4H RSI is currently in the bullish control zone; however, if price loses support at $14.60 (the last 4H low), then momentum could turn bearish quickly!
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Let's get this crypto!
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This is not financial advice. It is imperative everyone conduct their own research prior to any trade and/or investment!
