ARUSDT trade ideas
AR/USD - Descending Channel. Price at Support! 🤔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.
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The pattern of the descending wedge in ARusdtperpGiven the downward wedge pattern formed in the daily timeframe, as well as the current price position, which is based on its dynamic support, as well as the divergence created in the RSI, it seems that the correction in the ARusdtperp has been completed and is ready for a The climb becomes powerful.
some use of divergence and some prediction on ARUSDTi see a up trend in 1h starting with a squeeze in sideway pattern . after trending higher market reached its resistance area . you can see that the correction is taking more time that it should to trend higher with power. so this up trend is weak . after understanding this weakness , i myself, used macd to see that the last 2 lows of uptread wave is showing us hidden divergence .in my opinion now is the best time to see a divergence in tops to go short!